ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Short Interest Down 38.4% in October

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 1,680,300 shares, a decrease of 38.4% from the September 30th total of 2,725,800 shares. Based on an average daily volume of 3,400 shares, the short-interest ratio is presently 494.2 days.

ALPEK Stock Performance

ALPKF stock opened at $0.60 on Friday. The company’s 50 day simple moving average is $0.60 and its 200-day simple moving average is $0.60. ALPEK has a 12 month low of $0.60 and a 12 month high of $1.20.

ALPEK Company Profile

Alpek, SAB. de C.V., together with its subsidiaries, operates as a petrochemical company in Mexico and internationally. It operates in two segments, Polyester, and Plastic and Chemicals. The Polyester segment produces purified terephthalic acid (PTA), an organic compound that is raw material for PET; polyethylene terephthalate (PET), a plastic resin for use in the beverage bottles, food containers, and consumer good packaging applications; recycled PET for new bottles and containers, strapping and packing supplies, and fibers for clothing and carpet; and polyester fibers, such as staple fiber for use in carpets, home furnishings, and garments; and filament for clothing, automotive interiors, and seatbelts, as well as canvases, conveyor belts, hoses, and other industrial application.