ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Short Interest Up 52.4% in January

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 827,391 shares, an increase of 52.4% from the December 31st total of 543,082 shares. Based on an average daily trading volume, of 40,522 shares, the days-to-cover ratio is currently 20.4 days. Based on an average daily trading volume, of 40,522 shares, the days-to-cover ratio is currently 20.4 days.

Wall Street Analyst Weigh In

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

ALPEK Stock Performance

Shares of ALPKF stock opened at $0.56 on Friday. The firm has a fifty day simple moving average of $0.52 and a two-hundred day simple moving average of $0.53. ALPEK has a 12 month low of $0.49 and a 12 month high of $0.75.

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.