Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) Sees Significant Growth in Short Interest

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 2,625,800 shares, an increase of 1,407.3% from the May 31st total of 174,200 shares. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is presently 5,251.6 days.

Alfa Stock Performance

ALFFF stock remained flat at $0.69 during mid-day trading on Thursday. The firm has a fifty day moving average price of $0.70 and a 200 day moving average price of $0.74. Alfa has a 1 year low of $0.55 and a 1 year high of $0.81.

About Alfa

Alfa SAB. de C.V., together with its subsidiaries, engages in the petrochemical and synthetic fiber and refrigerated food businesses in Mexico. It operates through two segments, Alpek and Sigma. The company manufactures petrochemical and synthetic fiber products, including purified terephtalic acid, polyethylene terephthalate (PET), recycled PET, polypropylene, expandable polystyrene, chemical specialties, and industrial chemicals.