Short Interest in Alfa, S.A.B. de C.V. (OTCMKTS:ALFFF) Expands By 183.6%

Alfa, S.A.B. de C.V. (OTCMKTS:ALFFFGet 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.

About Alfa (Get Rating)

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.

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