ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Sees Large Growth in Short Interest

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 827,391 shares, an increase of 52.4% from the December 31st total of 543,082 shares. Based on an average daily volume of 40,522 shares, the short-interest ratio is presently 20.4 days. Based on an average daily volume of 40,522 shares, the short-interest ratio is presently 20.4 days.

ALPEK Price Performance

Shares of ALPKF opened at $0.56 on Friday. ALPEK has a one year low of $0.49 and a one year high of $0.75. The stock’s fifty day moving average is $0.52 and its 200-day moving average is $0.53.

Analyst Upgrades and Downgrades

Separately, Santander upgraded shares of ALPEK to an “outperform” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, ALPEK currently has an average 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.