Short Interest in ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Decreases By 86.4%

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 543,082 shares, a decline of 86.4% from the December 15th total of 3,987,407 shares. Based on an average trading volume of 1,305 shares, the short-interest ratio is currently 416.2 days. Based on an average trading volume of 1,305 shares, the short-interest ratio is currently 416.2 days.

ALPEK Stock Performance

Shares of ALPKF stock remained flat at $0.55 during trading hours on Monday. ALPEK has a fifty-two week low of $0.50 and a fifty-two week high of $0.75. The firm’s 50-day moving average is $0.52 and its two-hundred day moving average is $0.54.

Wall Street Analysts Forecast Growth

Separately, Santander upgraded shares of ALPEK to an “outperform” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, ALPEK has a consensus rating of “Buy”.

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.