Short Interest in Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) Expands By 45.8%

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 8,757,000 shares, a growth of 45.8% from the August 31st total of 6,008,200 shares. Based on an average daily volume of 27,500 shares, the short-interest ratio is currently 318.4 days.

Alfa Stock Performance

OTCMKTS:ALFFF remained flat at $0.68 during mid-day trading on Friday. Alfa has a 1 year low of $0.52 and a 1 year high of $0.81. The business’s 50 day simple moving average is $0.61 and its 200-day simple moving average is $0.67.

About Alfa

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.