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

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 4,785,600 shares, an increase of 41.2% from the July 31st total of 3,388,800 shares. Based on an average trading volume of 27,800 shares, the short-interest ratio is presently 172.1 days.

Alfa Price Performance

ALFFF opened at $0.60 on Friday. The business has a 50 day moving average price of $0.63 and a two-hundred day moving average price of $0.69. Alfa has a 52 week low of $0.52 and a 52 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.