Alfa S.A.B. de C.V. (OTCMKTS:ALFFF – Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 5,304,851 shares, a growth of 133.4% from the June 30th total of 2,273,342 shares. Based on an average daily trading volume, of 5,580 shares, the days-to-cover ratio is currently 950.7 days.
Alfa Price Performance
ALFFF stock opened at $0.90 on Tuesday. The business’s 50 day simple moving average is $0.89 and its 200 day simple moving average is $0.94. Alfa has a 1-year low of $0.75 and a 1-year high of $1.10.
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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