Alfa S.A.B. de C.V. (OTCMKTS:ALFFF – Get Free Report) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 4,990,996 shares, an increase of 95.1% from the May 31st total of 2,558,058 shares. Based on an average trading volume of 18 shares, the days-to-cover ratio is currently 277,277.6 days.
Alfa Price Performance
Shares of OTCMKTS ALFFF opened at $0.85 on Wednesday. The business’s 50-day simple moving average is $0.95 and its 200-day simple moving average is $0.94. Alfa has a 52 week low of $0.74 and a 52 week high of $1.10.
About Alfa
Alfa SAB. de C.V., trading on the OTC Market under the ticker ALFFF, is a diversified Mexican industrial conglomerate headquartered in Monterrey, Mexico. Founded in 1974 by the Garza family, the company has evolved into one of Mexico’s largest industrial players through strategic acquisitions and spin-offs.
Alfa’s core operations are organized into four principal business units. Alpek, its petrochemical subsidiary, produces polymers and intermediate chemicals such as polyethylene terephthalate (PET) and polypropylene (PP).
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