Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) Sees Significant Increase in Short Interest

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 6,264 shares, an increase of 3,032.0% from the June 30th total of 200 shares. Based on an average daily trading volume, of 4,381 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.0% of the company’s shares are short sold.

Orbia Advance Price Performance

OTCMKTS:MXCHY remained flat at $2.71 during trading hours on Friday. The company had a trading volume of 288 shares, compared to its average volume of 3,067. The stock has a fifty day moving average price of $2.55 and a two-hundred day moving average price of $2.35. The company has a current ratio of 1.44, a quick ratio of 1.02 and a debt-to-equity ratio of 1.81. Orbia Advance has a 52-week low of $1.28 and a 52-week high of $2.75.

Wall Street Analyst Weigh In

Separately, Barclays restated an “overweight” rating on shares of Orbia Advance in a report on Friday, May 1st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Orbia Advance currently 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.