ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Sees Significant Growth in Short Interest

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKFGet Free Report) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 827,391 shares, a growth of 52.4% from the December 31st total of 543,082 shares. Based on an average daily volume of 40,522 shares, the days-to-cover ratio is currently 20.4 days. Based on an average daily volume of 40,522 shares, the days-to-cover ratio is currently 20.4 days.

Analyst Ratings Changes

Separately, Santander raised shares of ALPEK to an “outperform” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

View Our Latest Research Report on ALPEK

ALPEK Stock Performance

Shares of ALPEK stock opened at $0.56 on Friday. ALPEK has a 52-week low of $0.49 and a 52-week high of $0.75. The stock’s 50-day simple moving average is $0.52 and its 200 day simple moving average is $0.53.

ALPEK Company Profile

(Get Free Report)

ALPEK, SAB. de C.V. is a leading petrochemical company based in Mexico and a key player in the Americas. As a publicly traded subsidiary of Grupo Alfa, ALPEK specializes in the production of chemical intermediates and polymers for a wide range of industrial applications. The company’s integrated portfolio serves customers in sectors such as packaging, textiles, automotive, construction and consumer goods.

ALPEK’s core business activities are organized into two main segments: intermediates and plastics.

Further Reading

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