Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) Short Interest Down 69.5% in May

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 2,193 shares, a decline of 69.5% from the May 14th total of 7,179 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,544 shares, the short-interest ratio is presently 1.4 days.

Orbia Advance Price Performance

Shares of MXCHY stock remained flat at $2.47 on Thursday. The company has a current ratio of 1.56, a quick ratio of 1.10 and a debt-to-equity ratio of 1.76. The firm’s 50 day simple moving average is $2.50 and its 200-day simple moving average is $2.18. Orbia Advance has a 1-year low of $1.00 and a 1-year high of $2.75.

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

Analyst Ratings Changes

Separately, Barclays reiterated an “overweight” rating on shares of Orbia Advance in a research note on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Orbia Advance currently has an average rating of “Buy”.

About Orbia Advance

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.