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

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 1,680,300 shares, a decrease of 38.4% from the September 30th total of 2,725,800 shares. Based on an average daily volume of 3,400 shares, the short-interest ratio is currently 494.2 days.

ALPEK Price Performance

OTCMKTS:ALPKF opened at $0.60 on Friday. The business has a fifty day simple moving average of $0.60 and a two-hundred day simple moving average of $0.60. ALPEK has a 1 year low of $0.60 and a 1 year high of $1.20.

ALPEK Company Profile

Alpek, SAB. de C.V., together with its subsidiaries, operates as a petrochemical company in Mexico and internationally. It operates in two segments, Polyester, and Plastic and Chemicals. The Polyester segment produces purified terephthalic acid (PTA), an organic compound that is raw material for PET; polyethylene terephthalate (PET), a plastic resin for use in the beverage bottles, food containers, and consumer good packaging applications; recycled PET for new bottles and containers, strapping and packing supplies, and fibers for clothing and carpet; and polyester fibers, such as staple fiber for use in carpets, home furnishings, and garments; and filament for clothing, automotive interiors, and seatbelts, as well as canvases, conveyor belts, hoses, and other industrial application.