ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Short Interest Update

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 543,082 shares, a drop of 86.4% from the December 15th total of 3,987,407 shares. Based on an average daily trading volume, of 1,305 shares, the days-to-cover ratio is currently 416.2 days. Based on an average daily trading volume, of 1,305 shares, the days-to-cover ratio is currently 416.2 days.

ALPEK Trading Down 10.1%

Shares of OTCMKTS ALPKF opened at $0.49 on Wednesday. ALPEK has a 12 month low of $0.49 and a 12 month high of $0.75. The stock has a 50 day moving average of $0.52 and a 200-day moving average of $0.54.

Wall Street Analyst Weigh In

Separately, Santander upgraded shares of ALPEK to an “outperform” rating in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, ALPEK has an average rating of “Buy”.

ALPEK Company Profile

ALPEK, SAB. de C.V. is a leading petrochemical company based in Mexico and a key player in the Americas. As a publicly traded subsidiary of Grupo Alfa, ALPEK specializes in the production of chemical intermediates and polymers for a wide range of industrial applications. The company’s integrated portfolio serves customers in sectors such as packaging, textiles, automotive, construction and consumer goods.

ALPEK’s core business activities are organized into two main segments: intermediates and plastics.