ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Sees Significant Increase in Short Interest

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 1,616,900 shares, an increase of 22.5% from the November 15th total of 1,320,000 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

ALPEK Price Performance

Shares of ALPEK stock opened at $0.75 on Friday. ALPEK has a 12-month low of $0.75 and a 12-month high of $0.75. The company’s 50-day moving average price is $0.67 and its 200-day moving average price is $0.62.

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.