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

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) was the target of a large growth in short interest in August. As of August 15th, there was short interest totalling 4,785,600 shares, a growth of 41.2% from the July 31st total of 3,388,800 shares. Based on an average trading volume of 27,800 shares, the days-to-cover ratio is presently 172.1 days.

Alfa Stock Performance

OTCMKTS:ALFFF remained flat at $0.60 during mid-day trading on Thursday. The stock has a fifty day simple moving average of $0.63 and a 200 day simple moving average of $0.69. Alfa has a 1 year low of $0.52 and a 1 year high of $0.81.

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.