Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) Short Interest Update

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 200 shares, a drop of 92.8% from the June 15th total of 2,779 shares. Based on an average daily volume of 748 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Barclays restated an “overweight” rating on shares of Orbia Advance in a report on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Orbia Advance Stock Performance

OTCMKTS MXCHY traded up $0.05 during trading hours on Friday, hitting $2.56. 3,450 shares of the company traded hands, compared to its average volume of 1,240. The business’s 50-day moving average is $2.54 and its 200-day moving average is $2.29. Orbia Advance has a twelve month low of $1.26 and a twelve month high of $2.75.

Orbia Advance Company Profile

Orbia Advance Corporation, formerly Mexichem, is a leading global provider of specialty materials and innovative solutions headquartered in Mexico City. Founded in 1953 as the first vinyl chloride producer in Mexico, the company rebranded to Orbia Advance in 2019 to reflect its broadened portfolio spanning advanced chemicals, polymers and infrastructure technologies.

Orbia’s operations are organized into four core segments: Fluorinated Solutions, which offers refrigerants, fluoropolymers and specialty chemicals; Polymer Solutions, producing polyethylene, PVC and compound resins; Building & Infrastructure, supplying piping systems, cables and water management products; and Precision Agriculture, delivering drip-irrigation systems and soil-conditioning services.