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

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 436,100 shares, a decline of 73.3% from the April 15th total of 1,634,200 shares. Based on an average daily volume of 500 shares, the short-interest ratio is presently 872.2 days.

Alfa Stock Performance

Shares of OTCMKTS:ALFFF remained flat at $0.76 on Friday. Alfa has a 52-week low of $0.55 and a 52-week high of $0.81. The company’s 50-day moving average is $0.72 and its 200 day moving average is $0.72.

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.