Short Interest in Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) Increases By 44.4%

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,330,200 shares, an increase of 44.4% from the February 28th total of 921,000 shares. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is presently 1,108.5 days.

Alfa Price Performance

Shares of ALFFF stock opened at $0.79 on Tuesday. Alfa has a 1 year low of $0.52 and a 1 year high of $0.85. The firm’s fifty day simple moving average is $0.81 and its 200 day simple moving average is $0.76.

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.