Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) Short Interest Update

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 7,179 shares, a growth of 591.6% from the April 30th total of 1,038 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 7,126 shares, the short-interest ratio is currently 1.0 days.

Orbia Advance Trading Up 3.3%

MXCHY traded up $0.09 during midday trading on Friday, reaching $2.65. 204 shares of the company were exchanged, compared to its average volume of 9,151. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.10 and a current ratio of 1.56. The company’s fifty day moving average price is $2.43 and its 200 day moving average price is $2.13. Orbia Advance has a one year low of $1.00 and a one year high of $2.75.

Orbia Advance (OTCMKTS:MXCHY) last released its earnings results on Tuesday, April 28th. The basic materials company reported $999.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $998.99. Orbia Advance had a negative return on equity of 9.53% and a negative net margin of 4.81%. Equities research analysts forecast that Orbia Advance will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Barclays reissued an “overweight” rating on shares of Orbia Advance in a report on Friday, May 1st. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Orbia Advance Company Profile

Orbia Advance Corporation, formerly Mexichem, is a leading global provider of specialty materials and innovative solutions headquartered in Mexico City. Founded in 1953 as the first vinyl chloride producer in Mexico, the company rebranded to Orbia Advance in 2019 to reflect its broadened portfolio spanning advanced chemicals, polymers and infrastructure technologies.

Orbia’s operations are organized into four core segments: Fluorinated Solutions, which offers refrigerants, fluoropolymers and specialty chemicals; Polymer Solutions, producing polyethylene, PVC and compound resins; Building & Infrastructure, supplying piping systems, cables and water management products; and Precision Agriculture, delivering drip-irrigation systems and soil-conditioning services.