Alfa, S.A.B. de C.V. (OTCMKTS:ALFFF – Get Rating) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 2,135,500 shares, a growth of 183.6% from the April 15th total of 753,000 shares. Based on an average daily volume of 8,400 shares, the days-to-cover ratio is presently 254.2 days.
Separately, Credit Suisse Group cut shares of Alfa from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 3rd.
Shares of ALFFF stock opened at $0.65 on Friday. The company’s fifty day simple moving average is $0.71 and its two-hundred day simple moving average is $0.73. Alfa has a 52 week low of $0.60 and a 52 week high of $0.85.
Alfa, S. A. B. de C. V., together with its subsidiaries, engages in the petrochemicals and synthetic fibers, refrigerated foods, telecommunications, and natural gas and hydrocarbons businesses. It operates in five segments: Alpek, Sigma, Axtel, Newpek, and Others. The company manufactures petrochemical and synthetic fiber products, including purified terephtalic acid, polyethylene terephtalate, fibers, polypropylene, expandable polystyrene, and caprolactam.
- Get a free copy of the StockNews.com research report on Alfa (ALFFF)
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