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

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 921,000 shares, a decrease of 37.8% from the February 13th total of 1,480,600 shares. Based on an average trading volume of 400 shares, the short-interest ratio is presently 2,302.5 days.

Alfa Price Performance

ALFFF stock opened at $0.79 on Monday. The stock’s 50 day simple moving average is $0.80 and its 200 day simple moving average is $0.75. Alfa has a 12-month low of $0.52 and a 12-month high of $0.85.

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.