Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) Short Interest Update

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 200 shares, a decrease of 92.8% from the June 15th total of 2,779 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 748 shares, the days-to-cover ratio is presently 0.3 days.

Orbia Advance Price Performance

Shares of OTCMKTS:MXCHY traded up $0.05 during trading on Friday, reaching $2.56. The company had a trading volume of 3,450 shares, compared to its average volume of 7,810. The company has a fifty day moving average of $2.54 and a two-hundred day moving average of $2.29. Orbia Advance has a 12 month low of $1.26 and a 12 month high of $2.75.

Wall Street Analyst Weigh In

Separately, Barclays reiterated an “overweight” rating on shares of Orbia Advance in a research report on Friday, May 1st. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Orbia Advance Company Profile

Orbia Advance Corporation, formerly Mexichem, is a leading global provider of specialty materials and innovative solutions headquartered in Mexico City. Founded in 1953 as the first vinyl chloride producer in Mexico, the company rebranded to Orbia Advance in 2019 to reflect its broadened portfolio spanning advanced chemicals, polymers and infrastructure technologies.

Orbia’s operations are organized into four core segments: Fluorinated Solutions, which offers refrigerants, fluoropolymers and specialty chemicals; Polymer Solutions, producing polyethylene, PVC and compound resins; Building & Infrastructure, supplying piping systems, cables and water management products; and Precision Agriculture, delivering drip-irrigation systems and soil-conditioning services.