Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) Sees Large Increase in Short Interest

Alfa S.A.B. de C.V. (OTCMKTS:ALFFF) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 4,448,864 shares, a growth of 134.9% from the September 15th total of 1,893,691 shares. Based on an average trading volume of 3,676 shares, the short-interest ratio is currently 1,210.2 days.

Alfa Price Performance

OTCMKTS ALFFF opened at $1.07 on Wednesday. The business has a 50 day moving average price of $1.02 and a 200 day moving average price of $0.97. Alfa has a 1-year low of $0.75 and a 1-year high of $1.10.

Alfa Company Profile

Alfa, SAB. de C.V. is a Mexico-based holding company with a history of investing in and managing businesses across food, petrochemicals and automotive components. The company has been headquartered in Monterrey, Nuevo León, and has traditionally operated through a portfolio of industrial and consumer-focused subsidiaries.

Its principal businesses have included Sigma Alimentos, a producer and distributor of refrigerated and processed foods such as deli meats, dairy products and other prepared foods; Alpek, a petrochemical company producing polyester, plastics and chemicals; and Nemak, an automotive supplier specializing in aluminum components, including engine blocks and cylinder heads.