ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF – Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 2,670,049 shares, a growth of 93.9% from the June 30th total of 1,377,055 shares. Based on an average trading volume of 554 shares, the days-to-cover ratio is presently 4,819.6 days.
ALPEK Stock Performance
Shares of OTCMKTS ALPKF opened at $0.77 on Friday. The firm’s 50 day moving average price is $0.72 and its 200-day moving average price is $0.62. ALPEK has a 52-week low of $0.45 and a 52-week high of $0.77.
Wall Street Analyst Weigh In
Separately, Scotiabank upgraded ALPEK to an “outperform” rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.
ALPEK Company Profile
ALPEK, SAB. de C.V. is a leading petrochemical company based in Mexico and a key player in the Americas. As a publicly traded subsidiary of Grupo Alfa, ALPEK specializes in the production of chemical intermediates and polymers for a wide range of industrial applications. The company’s integrated portfolio serves customers in sectors such as packaging, textiles, automotive, construction and consumer goods.
ALPEK’s core business activities are organized into two main segments: intermediates and plastics.
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