Short Interest in Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) Declines By 33.5%

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 4,028,400 shares, a drop of 33.5% from the September 30th total of 6,055,000 shares. Based on an average trading volume of 13,100 shares, the days-to-cover ratio is currently 307.5 days.

Alfa Price Performance

Shares of OTCMKTS:ALFFF opened at $0.75 on Friday. Alfa has a 1-year low of $0.52 and a 1-year high of $0.81. The business’s 50 day moving average is $0.67 and its 200-day moving average is $0.67.

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.