Short Interest in ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Increases By 25.5%

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,595,700 shares, an increase of 25.5% from the December 31st total of 1,271,200 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

ALPEK Price Performance

ALPEK stock remained flat at $0.75 during mid-day trading on Friday. The firm’s fifty day simple moving average is $0.75 and its 200 day simple moving average is $0.66. ALPEK has a 1-year low of $0.75 and a 1-year high of $0.75.

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.