ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF – Get Free Report) saw a significant growth in short interest in the month of 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 daily volume of 554 shares, the days-to-cover ratio is currently 4,819.6 days.
ALPEK Stock Performance
Shares of ALPKF stock opened at $0.77 on Friday. The business has a fifty day simple moving average of $0.72 and a 200 day simple moving average of $0.63. ALPEK has a twelve month low of $0.45 and a twelve month high of $0.77.
Analyst Ratings Changes
Separately, Scotiabank upgraded shares of ALPEK to an “outperform” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.
About ALPEK
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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