Short Interest in Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) Drops By 55.5%

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) was the target of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 6,603,100 shares, a decrease of 55.5% from the October 31st total of 14,844,200 shares. Based on an average daily volume of 303,800 shares, the days-to-cover ratio is presently 21.7 days.

Alfa Stock Performance

Shares of ALFFF stock opened at $0.70 on Thursday. The company’s fifty day moving average price is $0.71 and its 200-day moving average price is $0.67. Alfa has a 12 month low of $0.52 and a 12 month 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.