Short Interest in ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Grows By 8.5%

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 3,861,200 shares, a growth of 8.5% from the March 15th total of 3,559,800 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ? days.

ALPEK Stock Performance

Shares of OTCMKTS ALPKF opened at $0.60 on Wednesday. The company has a 50 day simple moving average of $0.60 and a 200 day simple moving average of $0.91. ALPEK has a 1 year low of $0.60 and a 1 year high of $1.20.

ALPEK Company Profile

Alpek, SAB. de C.V., together with its subsidiaries, operates as a petrochemical company in Mexico and internationally. It operates in two segments, Polyester, and Plastic and Chemicals. The Polyester segment produces purified terephthalic acid (PTA), an organic compound that is raw material for PET; polyethylene terephthalate (PET), a plastic resin for use in the beverage bottles, food containers, and consumer good packaging applications; recycled PET for new bottles and containers, strapping and packing supplies, and fibers for clothing and carpet; and polyester fibers, such as staple fiber for use in carpets, home furnishings, and garments; and filament for clothing, automotive interiors, and seatbelts, as well as canvases, conveyor belts, hoses, and other industrial application.