ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Short Interest Update

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKFGet Rating) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 1,806,300 shares, an increase of 33.5% from the June 30th total of 1,353,200 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of ALPEK from an “equal weight” rating to an “overweight” rating in a research report on Monday, May 16th.

ALPEK Stock Down 7.6 %

OTCMKTS:ALPKF opened at $1.03 on Monday. ALPEK has a twelve month low of $1.03 and a twelve month high of $1.11. The business has a 50 day moving average price of $1.03 and a two-hundred day moving average price of $1.03.

ALPEK Company Profile

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Alpek, SAB. de C.V., together with its subsidiaries, operates as a petrochemical company in Mexico, the United States, Canada, the United Kingdom, Argentina, Brazil, and Chile. It operates in two segments, Polyester, and Plastics and Chemicals. The Polyester segment produces purified terephthalic acid for use as a raw material in polyethylene terephthalate (PET) and polyester fibers; PET, a plastic resin for use in the beverage bottles, food containers, and consumer good packaging applications; and recycled PET for use in new bottles and containers, strapping and packing supplies, and fibers for clothing and carpet.

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