Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHF) Short Interest Up 398.3% in March

Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHF) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 932,028 shares, an increase of 398.3% from the March 15th total of 187,038 shares. Based on an average daily volume of 15,706 shares, the short-interest ratio is currently 59.3 days.

Orbia Advance Trading Up 2.7%

Shares of MXCHF stock opened at $1.15 on Monday. Orbia Advance has a 1-year low of $0.62 and a 1-year high of $1.30. The firm’s 50-day simple moving average is $1.14 and its 200-day simple moving average is $1.01.

About Orbia Advance

Orbia Advance Corporation, formerly known as Mexichem, is a global materials and solutions provider specializing in polymer-based technologies and infrastructure systems. The company operates five key business platforms: Fluorinated Solutions, Polymer Solutions, Precision Agriculture, Building and Infrastructure, and Data Communications. Its product portfolio includes fluoropolymers and refrigerant gases, PVC resins and compounds, drip-irrigation systems, water and gas piping networks, and fiber-optic microducts for broadband connectivity.

In its Fluorinated Solutions segment, Orbia supplies specialty chemicals such as PTFE, PVDF and FEP resins, along with refrigerants and industrial gases used in automotive, electronics and healthcare applications.