Short Interest in Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) Drops By 31.1%

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) was the recipient of a large drop in short interest in May. As of May 31st, there was short interest totalling 174,200 shares, a drop of 31.1% from the May 15th total of 252,700 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is presently 580.7 days.

Alfa Stock Performance

ALFFF remained flat at $0.69 during midday trading on Friday. Alfa has a 52-week low of $0.55 and a 52-week high of $0.81. The business’s fifty day simple moving average is $0.71 and its 200 day simple moving average is $0.74.

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.