Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHF – Get Free Report) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 164,079 shares, a decline of 54.1% from the May 14th total of 357,673 shares. Based on an average daily trading volume, of 6,373 shares, the short-interest ratio is currently 25.7 days.
Orbia Advance Price Performance
Shares of MXCHF stock remained flat at $1.31 during trading hours on Monday. Orbia Advance has a 1 year low of $0.62 and a 1 year high of $1.39. The firm has a 50-day moving average price of $1.28 and a 200 day moving average price of $1.12.
About Orbia Advance
Orbia Advance Corporation, formerly known as Mexichem, is a global materials and solutions provider specializing in polymer-based technologies and infrastructure systems. The company operates five key business platforms: Fluorinated Solutions, Polymer Solutions, Precision Agriculture, Building and Infrastructure, and Data Communications. Its product portfolio includes fluoropolymers and refrigerant gases, PVC resins and compounds, drip-irrigation systems, water and gas piping networks, and fiber-optic microducts for broadband connectivity.
In its Fluorinated Solutions segment, Orbia supplies specialty chemicals such as PTFE, PVDF and FEP resins, along with refrigerants and industrial gases used in automotive, electronics and healthcare applications.
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