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

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

Alfa Price Performance

ALFFF opened at $0.80 on Thursday. The stock has a fifty day moving average price of $0.76 and a 200 day moving average price of $0.69. Alfa has a 1 year low of $0.52 and a 1 year 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.