ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF – Get Free Report) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 5,113,083 shares, an increase of 128.4% from the February 12th total of 2,238,593 shares. Based on an average daily volume of 6,383 shares, the days-to-cover ratio is presently 801.0 days. Based on an average daily volume of 6,383 shares, the days-to-cover ratio is presently 801.0 days.
ALPEK Trading Up 18.8%
Shares of ALPKF opened at $0.53 on Thursday. The business’s 50-day moving average price is $0.51 and its 200-day moving average price is $0.53. ALPEK has a twelve month low of $0.45 and a twelve month high of $0.59.
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.
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