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

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 6,308,578 shares, an increase of 23.4% from the February 26th total of 5,113,083 shares. Based on an average daily volume of 76,629 shares, the days-to-cover ratio is currently 82.3 days.

ALPEK Stock Performance

Shares of ALPEK stock opened at $0.60 on Tuesday. The business’s 50 day moving average price is $0.53 and its 200 day moving average price is $0.53. ALPEK has a one year low of $0.45 and a one year high of $0.60.

About ALPEK

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.