ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF – Get Free Report) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 3,987,407 shares, a decline of 44.4% from the November 30th total of 7,166,804 shares. Based on an average trading volume of 3,092 shares, the short-interest ratio is presently 1,289.6 days. Based on an average trading volume of 3,092 shares, the short-interest ratio is presently 1,289.6 days.
Wall Street Analysts Forecast Growth
Separately, Santander raised ALPEK to an “outperform” rating in a research note on Thursday, October 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, ALPEK currently has a consensus rating of “Buy”.
Check Out Our Latest Research Report on ALPKF
ALPEK Price Performance
ALPEK Company Profile
ALPEK, SAB. de C.V. is a leading petrochemical company based in Mexico and a key player in the Americas. As a publicly traded subsidiary of Grupo Alfa, ALPEK specializes in the production of chemical intermediates and polymers for a wide range of industrial applications. The company’s integrated portfolio serves customers in sectors such as packaging, textiles, automotive, construction and consumer goods.
ALPEK’s core business activities are organized into two main segments: intermediates and plastics.
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