Short Interest in Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) Declines By 71.1%

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 3,211,700 shares, a drop of 71.1% from the December 15th total of 11,120,700 shares. Based on an average daily volume of 13,400 shares, the days-to-cover ratio is presently 239.7 days.

Alfa Stock Performance

Shares of ALFFF remained flat at $0.75 during midday trading on Monday. Alfa has a twelve month low of $0.52 and a twelve month high of $0.82. The stock’s 50-day moving average is $0.74 and its two-hundred day moving average is $0.69.

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.