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

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,330,200 shares, a growth of 44.4% from the February 28th total of 921,000 shares. Based on an average trading volume of 1,200 shares, the days-to-cover ratio is presently 1,108.5 days.

Alfa Stock Performance

Shares of OTCMKTS:ALFFF opened at $0.79 on Monday. The firm has a 50 day simple moving average of $0.81 and a 200 day simple moving average of $0.76. Alfa has a 52 week low of $0.52 and a 52 week high of $0.85.

About Alfa

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.