Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) Sees Significant Decline in Short Interest

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 921,000 shares, a decrease of 37.8% from the February 13th total of 1,480,600 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 2,302.5 days.

Alfa Trading Down 3.7 %

Shares of ALFFF stock opened at $0.79 on Friday. The business’s 50 day moving average is $0.80 and its two-hundred day moving average is $0.74. Alfa has a 12-month low of $0.52 and a 12-month high of $0.85.

Alfa Company Profile

Alfa SAB. de C.V., together with its subsidiaries, engages in the petrochemical and synthetic fiber and refrigerated food businesses in Mexico. It operates through two segments, Alpek and Sigma. The company manufactures petrochemical and synthetic fiber products, including purified terephtalic acid, polyethylene terephthalate (PET), recycled PET, polypropylene, expandable polystyrene, chemical specialties, and industrial chemicals.