Short Interest in ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Decreases By 6.2%

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 1,271,200 shares, a decrease of 6.2% from the December 15th total of 1,355,800 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

ALPEK Stock Performance

Shares of ALPKF stock opened at $0.75 on Monday. The firm’s 50 day moving average price is $0.75 and its 200-day moving average price is $0.65. ALPEK has a one year low of $0.75 and a one year high of $0.75.

About ALPEK

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.