Alfa S.A.B. de C.V. (OTCMKTS:ALFFF – Get Free Report) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 4,990,996 shares, an increase of 95.1% from the May 31st total of 2,558,058 shares. Based on an average daily trading volume, of 18 shares, the short-interest ratio is presently 277,277.6 days.
Alfa Stock Performance
Shares of ALFFF opened at $0.85 on Wednesday. Alfa has a one year low of $0.74 and a one year high of $1.10. The company’s fifty day moving average price is $0.95 and its 200 day moving average price is $0.94.
About Alfa
Alfa SAB. de C.V., trading on the OTC Market under the ticker ALFFF, is a diversified Mexican industrial conglomerate headquartered in Monterrey, Mexico. Founded in 1974 by the Garza family, the company has evolved into one of Mexico’s largest industrial players through strategic acquisitions and spin-offs.
Alfa’s core operations are organized into four principal business units. Alpek, its petrochemical subsidiary, produces polymers and intermediate chemicals such as polyethylene terephthalate (PET) and polypropylene (PP).
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