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

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,634,200 shares, a drop of 23.3% from the March 31st total of 2,131,200 shares. Based on an average daily trading volume, of 3,300 shares, the days-to-cover ratio is currently 495.2 days.

Alfa Trading Down 5.9 %

Shares of ALFFF opened at $0.67 on Monday. Alfa has a one year low of $0.55 and a one year high of $0.81. The company has a 50-day moving average of $0.73 and a two-hundred day moving average of $0.71.

About Alfa

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.