ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Short Interest Down 86.4% in December

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 543,082 shares, a drop of 86.4% from the December 15th total of 3,987,407 shares. Based on an average daily volume of 1,305 shares, the short-interest ratio is currently 416.2 days. Based on an average daily volume of 1,305 shares, the short-interest ratio is currently 416.2 days.

ALPEK Price Performance

Shares of ALPKF opened at $0.55 on Tuesday. The company’s fifty day simple moving average is $0.52 and its 200-day simple moving average is $0.54. ALPEK has a twelve month low of $0.50 and a twelve month high of $0.75.

Analyst Ratings Changes

Separately, Santander upgraded shares of ALPEK to an “outperform” rating in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

ALPEK Company Profile

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.