Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) Sees Large Drop in Short Interest

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 2,380,000 shares, a drop of 24.3% from the March 31st total of 3,146,000 shares. Based on an average daily trading volume, of 68,800 shares, the short-interest ratio is currently 34.6 days.

Alfa Price Performance

Shares of ALFFF opened at $0.70 on Friday. Alfa has a twelve month low of $0.41 and a twelve month high of $0.85. The firm’s 50 day moving average price is $0.69 and its two-hundred day moving average price is $0.74.

Alfa Company Profile

Alfa SAB. de C.V., together with its subsidiaries, engages in the petrochemical and synthetic fiber and refrigerated food businesses in Mexico. It operates through two segments, Alpek and Sigma. The company manufactures petrochemical and synthetic fiber products, including purified terephtalic acid, polyethylene terephthalate (PET), recycled PET, polypropylene, expandable polystyrene, chemical specialties, and industrial chemicals.