Short Interest in ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Decreases By 71.5%

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,377,055 shares, a decrease of 71.5% from the June 15th total of 4,837,368 shares. Based on an average daily volume of 700 shares, the short-interest ratio is currently 1,967.2 days.

Wall Street Analyst Weigh In

Separately, Scotiabank upgraded shares of ALPEK to an “outperform” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

ALPEK Stock Performance

Shares of ALPKF stock opened at $0.77 on Friday. The stock’s 50-day moving average price is $0.69 and its 200 day moving average price is $0.60. ALPEK has a 52-week low of $0.45 and a 52-week high of $0.77.

ALPEK Company Profile

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.