Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHF) Sees Large Increase in Short Interest

Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHF) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 483,940 shares, a growth of 129.6% from the September 15th total of 210,762 shares. Based on an average trading volume of 36,455 shares, the days-to-cover ratio is presently 13.3 days.

Orbia Advance Stock Performance

OTCMKTS MXCHF remained flat at $1.11 during trading on Wednesday. The firm’s 50 day simple moving average is $1.26 and its 200-day simple moving average is $1.27. Orbia Advance has a one year low of $0.85 and a one year high of $1.40.

About Orbia Advance

Orbia Advance Corporation, SAB. de C.V., formerly known as Mexichem, is a Mexico-based company that develops and manufactures products and solutions for infrastructure, agriculture, building and construction, connectivity, and specialty materials. The company serves customers through a portfolio of businesses and brands operating across multiple industrial and consumer markets.

Its business segments include Polymer Solutions, which produces vinyl and fluorinated products; Building and Infrastructure, which provides piping and water-management systems through brands such as Wavin; Precision Agriculture, which supplies irrigation and agricultural technology through Netafim; and Connectivity Solutions, which manufactures products used in telecommunications and energy networks.