Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHF) Sees Large Increase in Short Interest

Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHF) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 196,448 shares, a growth of 102.9% from the February 12th total of 96,818 shares. Based on an average trading volume of 12,089 shares, the days-to-cover ratio is presently 16.3 days. Based on an average trading volume of 12,089 shares, the days-to-cover ratio is presently 16.3 days.

Orbia Advance Stock Performance

Shares of MXCHF remained flat at $1.21 during trading hours on Friday. Orbia Advance has a fifty-two week low of $0.62 and a fifty-two week high of $1.30. The firm’s 50 day moving average price is $1.06 and its 200-day moving average price is $0.96.

Orbia Advance Company Profile

Orbia Advance Corporation, formerly known as Mexichem, is a global materials and solutions provider specializing in polymer-based technologies and infrastructure systems. The company operates five key business platforms: Fluorinated Solutions, Polymer Solutions, Precision Agriculture, Building and Infrastructure, and Data Communications. Its product portfolio includes fluoropolymers and refrigerant gases, PVC resins and compounds, drip-irrigation systems, water and gas piping networks, and fiber-optic microducts for broadband connectivity.

In its Fluorinated Solutions segment, Orbia supplies specialty chemicals such as PTFE, PVDF and FEP resins, along with refrigerants and industrial gases used in automotive, electronics and healthcare applications.