Short Interest in ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Drops By 22.8%

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 638,953 shares, a drop of 22.8% from the January 15th total of 827,391 shares. Based on an average daily trading volume, of 134,086 shares, the days-to-cover ratio is currently 4.8 days. Based on an average daily trading volume, of 134,086 shares, the days-to-cover ratio is currently 4.8 days.

ALPEK Price Performance

OTCMKTS:ALPKF opened at $0.51 on Tuesday. ALPEK has a 52-week low of $0.49 and a 52-week high of $0.75. The stock has a fifty day simple moving average of $0.53 and a 200-day simple moving average of $0.53.

About ALPEK

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.