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

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 200 shares, a decrease of 92.8% from the June 15th total of 2,779 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 748 shares, the short-interest ratio is currently 0.3 days.

Orbia Advance Stock Performance

Orbia Advance stock traded up $0.05 during midday trading on Friday, reaching $2.56. 3,450 shares of the stock were exchanged, compared to its average volume of 7,810. Orbia Advance has a 52 week low of $1.26 and a 52 week high of $2.75. The company’s fifty day moving average is $2.54 and its 200-day moving average is $2.29.

Analysts Set New Price Targets

Separately, Barclays restated an “overweight” rating on shares of Orbia Advance in a research note on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently 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.