Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) Sees Large Drop in Short Interest

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,634,200 shares, a drop of 23.3% from the March 31st total of 2,131,200 shares. Based on an average trading volume of 3,300 shares, the short-interest ratio is currently 495.2 days.

Alfa Trading Down 5.9 %

Shares of OTCMKTS:ALFFF opened at $0.67 on Monday. The firm’s 50 day simple moving average is $0.73 and its 200 day simple moving average is $0.71. Alfa has a fifty-two week low of $0.55 and a fifty-two week high of $0.81.

Alfa Company Profile

Alfa SAB. de C.V., together with its subsidiaries, engages in the petrochemical and synthetic fiber and refrigerated food businesses in Mexico. It operates through two segments, Alpek and Sigma. The company manufactures petrochemical and synthetic fiber products, including purified terephtalic acid, polyethylene terephthalate (PET), recycled PET, polypropylene, expandable polystyrene, chemical specialties, and industrial chemicals.