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

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 1,271,200 shares, a drop of 6.2% from the December 31st total of 1,355,800 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

ALPEK Stock Performance

ALPKF stock remained flat at $0.75 during trading on Friday. ALPEK has a twelve month low of $0.75 and a twelve month high of $0.75. The firm’s fifty day simple moving average is $0.75 and its two-hundred day simple moving average is $0.66.

ALPEK Company Profile

Alpek, SAB. de C.V., together with its subsidiaries, operates as a petrochemical company in Mexico and internationally. It operates in two segments, Polyester, and Plastic and Chemicals. The Polyester segment produces purified terephthalic acid (PTA), an organic compound that is raw material for PET; polyethylene terephthalate (PET), a plastic resin for use in the beverage bottles, food containers, and consumer good packaging applications; recycled PET for new bottles and containers, strapping and packing supplies, and fibers for clothing and carpet; and polyester fibers, such as staple fiber for use in carpets, home furnishings, and garments; and filament for clothing, automotive interiors, and seatbelts, as well as canvases, conveyor belts, hoses, and other industrial application.