Short Interest in ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Declines By 6.2%

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 1,271,200 shares, a drop of 6.2% from the December 15th total of 1,355,800 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

ALPEK Stock Performance

ALPKF stock opened at $0.75 on Friday. The business has a fifty day simple moving average of $0.75 and a 200-day simple moving average of $0.65. ALPEK has a 52 week low of $0.75 and a 52 week high of $0.75.

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.