ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Short Interest Down 44.4% in December

by · The Cerbat Gem

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF – Get Free Report) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 3,987,407 shares, a decline of 44.4% from the November 30th total of 7,166,804 shares. Based on an average trading volume of 3,092 shares, the short-interest ratio is presently 1,289.6 days. Based on an average trading volume of 3,092 shares, the short-interest ratio is presently 1,289.6 days.

Wall Street Analysts Forecast Growth

Separately, Santander raised ALPEK to an “outperform” rating in a research note on Thursday, October 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, ALPEK currently has a consensus rating of “Buy”.

Check Out Our Latest Research Report on ALPKF

ALPEK Price Performance

Shares of OTCMKTS ALPKF opened at $0.55 on Friday. ALPEK has a twelve month low of $0.50 and a twelve month high of $0.75. The company’s fifty day moving average is $0.53 and its 200-day moving average is $0.54.

ALPEK Company Profile

(Get Free Report)

ALPEK, SAB. de C.V. is a leading petrochemical company based in Mexico and a key player in the Americas. As a publicly traded subsidiary of Grupo Alfa, ALPEK specializes in the production of chemical intermediates and polymers for a wide range of industrial applications. The company’s integrated portfolio serves customers in sectors such as packaging, textiles, automotive, construction and consumer goods.

ALPEK’s core business activities are organized into two main segments: intermediates and plastics.

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