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

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 921,000 shares, a decrease of 37.8% from the February 13th total of 1,480,600 shares. Based on an average trading volume of 400 shares, the short-interest ratio is presently 2,302.5 days.

Alfa Price Performance

OTCMKTS ALFFF opened at $0.79 on Friday. The business has a 50 day moving average price of $0.80 and a 200 day moving average price of $0.75. Alfa has a 1-year low of $0.52 and a 1-year high of $0.85.

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.