Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) Sees Significant Decline in Short Interest

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 3,211,700 shares, a decline of 71.1% from the December 31st total of 11,120,700 shares. Based on an average daily trading volume, of 13,400 shares, the days-to-cover ratio is presently 239.7 days.

Alfa Price Performance

Shares of ALFFF opened at $0.80 on Wednesday. Alfa has a 52-week low of $0.52 and a 52-week high of $0.82. The business’s 50 day moving average price is $0.76 and its two-hundred day moving average price is $0.69.

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.