ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Short Interest Down 41.9% in August

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) was the target of a large drop in short interest in the month of August. As of August 15th, there was short interest totaling 3,348,300 shares, adropof41.9% from the July 31st total of 5,767,100 shares. Based on an average trading volume of 114,600 shares, the short-interest ratio is presently 29.2 days. Based on an average trading volume of 114,600 shares, the short-interest ratio is presently 29.2 days.

ALPEK Price Performance

ALPKF stock opened at $0.53 on Friday. ALPEK has a fifty-two week low of $0.51 and a fifty-two week high of $0.75. The firm’s 50-day simple moving average is $0.54 and its 200 day simple moving average is $0.59.

About ALPEK

Alpek, SAB. de C.V., together with its subsidiaries, operates as a petrochemical company in Mexico and internationally. It operates in two segments, Polyester, and Plastic and Chemicals. The Polyester segment produces purified terephthalic acid (PTA), an organic compound that is raw material for PET; polyethylene terephthalate (PET), a plastic resin for use in the beverage bottles, food containers, and consumer good packaging applications; recycled PET for new bottles and containers, strapping and packing supplies, and fibers for clothing and carpet; and polyester fibers, such as staple fiber for use in carpets, home furnishings, and garments; and filament for clothing, automotive interiors, and seatbelts, as well as canvases, conveyor belts, hoses, and other industrial application.