Short Interest in ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Expands By 8.5%

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 3,861,200 shares, an increase of 8.5% from the March 15th total of 3,559,800 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

ALPEK Price Performance

Shares of ALPKF opened at $0.60 on Tuesday. The firm has a 50-day moving average of $0.60 and a 200-day moving average of $0.92. ALPEK has a one year low of $0.60 and a one year high of $1.20.

ALPEK Company Profile

Alpek, SAB. de C.V., together with its subsidiaries, operates as a petrochemical company in Mexico and internationally. It operates in two segments, Polyester, and Plastic and Chemicals. The Polyester segment produces purified terephthalic acid (PTA), an organic compound that is raw material for PET; polyethylene terephthalate (PET), a plastic resin for use in the beverage bottles, food containers, and consumer good packaging applications; recycled PET for new bottles and containers, strapping and packing supplies, and fibers for clothing and carpet; and polyester fibers, such as staple fiber for use in carpets, home furnishings, and garments; and filament for clothing, automotive interiors, and seatbelts, as well as canvases, conveyor belts, hoses, and other industrial application.