Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHY) Short Interest Down 77.4% in February

Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHY) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 2,100 shares, a drop of 77.4% from the January 31st total of 9,300 shares. Based on an average trading volume of 4,300 shares, the days-to-cover ratio is presently 0.5 days.

Orbia Advance Stock Performance

Shares of OTCMKTS:MXCHY remained flat at $1.32 on Friday. Orbia Advance has a fifty-two week low of $1.18 and a fifty-two week high of $4.62. The business’s 50-day moving average price is $1.43 and its 200 day moving average price is $1.75. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.52 and a quick ratio of 1.04.

Orbia Advance Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 23rd were paid a dividend of $0.0294 per share. This is an increase from Orbia Advance’s previous dividend of $0.00. The ex-dividend date was Monday, December 23rd.

About Orbia Advance

Orbia Advance Corporation, SAB. de C.V. provides products and solutions for precision agriculture, building and infrastructure, fluorinated, polymer, and connectivity sectors worldwide. The company offers irrigation systems, agricultural and greenhouse projects, digital farming technologies, and related services; and connectivity solutions, including conduits, cable-in conduit, and other HDPE products and solutions.