Short Interest in Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) Drops By 54.5%

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 2,273,342 shares, a drop of 54.5% from the June 15th total of 4,990,996 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Alfa Stock Performance

Alfa stock opened at $0.85 on Wednesday. Alfa has a 52 week low of $0.74 and a 52 week high of $1.10. The business has a 50-day simple moving average of $0.90 and a 200 day simple moving average of $0.93.

About Alfa

Alfa SAB. de C.V., trading on the OTC Market under the ticker ALFFF, is a diversified Mexican industrial conglomerate headquartered in Monterrey, Mexico. Founded in 1974 by the Garza family, the company has evolved into one of Mexico’s largest industrial players through strategic acquisitions and spin-offs.

Alfa’s core operations are organized into four principal business units. Alpek, its petrochemical subsidiary, produces polymers and intermediate chemicals such as polyethylene terephthalate (PET) and polypropylene (PP).