ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF – Get Free Report) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 543,082 shares, a drop of 86.4% from the December 15th total of 3,987,407 shares. Based on an average daily volume of 1,305 shares, the days-to-cover ratio is presently 416.2 days. Based on an average daily volume of 1,305 shares, the days-to-cover ratio is presently 416.2 days.
ALPEK Stock Performance
ALPKF remained flat at $0.55 on Monday. The firm’s 50 day simple moving average is $0.52 and its two-hundred day simple moving average is $0.54. ALPEK has a 1 year low of $0.50 and a 1 year high of $0.75.
Wall Street Analysts Forecast Growth
Separately, Santander raised 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.com, 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.
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