Short Interest in Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) Drops By 71.1%

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 3,211,700 shares, a decrease of 71.1% from the December 15th total of 11,120,700 shares. Based on an average daily volume of 13,400 shares, the short-interest ratio is presently 239.7 days.

Alfa Price Performance

OTCMKTS:ALFFF opened at $0.75 on Tuesday. The business’s 50-day simple moving average is $0.74 and its two-hundred day simple moving average is $0.69. Alfa has a 52 week low of $0.52 and a 52 week high of $0.82.

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.