ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Short Interest Update

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 1,387,200 shares, an increase of 203.2% from the September 30th total of 457,500 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 13,872.0 days. Based on an average daily volume of 100 shares, the short-interest ratio is presently 13,872.0 days.

Wall Street Analysts Forecast Growth

Separately, Santander upgraded ALPEK to an “outperform” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

ALPEK Price Performance

OTCMKTS ALPKF opened at $0.54 on Thursday. The business has a fifty day simple moving average of $0.54 and a 200 day simple moving average of $0.55. ALPEK has a 12 month low of $0.51 and a 12 month high of $0.75.

About ALPEK

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.