ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Sees Large Decline in Short Interest

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,517,900 shares, a drop of 54.7% from the August 15th total of 3,348,300 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 15,179.0 days. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 15,179.0 days.

ALPEK Stock Performance

Shares of ALPEK stock opened at $0.53 on Friday. ALPEK has a 1-year low of $0.51 and a 1-year high of $0.75. The company’s fifty day simple moving average is $0.54 and its 200-day simple moving average is $0.58.

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.