Short Interest in Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) Increases By 591.6%

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 7,179 shares, an increase of 591.6% from the April 30th total of 1,038 shares. Based on an average daily trading volume, of 7,126 shares, the short-interest ratio is presently 1.0 days. Currently, 0.0% of the company’s shares are sold short.

Orbia Advance Stock Performance

Shares of OTCMKTS:MXCHY traded up $0.04 on Thursday, reaching $2.57. 600 shares of the company’s stock were exchanged, compared to its average volume of 9,269. The company has a fifty day moving average of $2.42 and a 200-day moving average of $2.13. Orbia Advance has a twelve month low of $1.00 and a twelve month high of $2.75. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.10 and a current ratio of 1.56.

Orbia Advance (OTCMKTS:MXCHY) last released its earnings results on Tuesday, April 28th. The basic materials company reported $999.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $998.99. Orbia Advance had a negative return on equity of 9.53% and a negative net margin of 4.81%. As a group, analysts expect that Orbia Advance will post 0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MXCHY shares. Itau BBA Securities raised Orbia Advance to an “outperform” rating in a research report on Wednesday, January 28th. Barclays reaffirmed an “overweight” rating on shares of Orbia Advance in a research report on Friday, May 1st. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

About Orbia Advance

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.