Short Interest in Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHF) Increases By 198.6%

Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHF) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 489,960 shares, an increase of 198.6% from the May 31st total of 164,079 shares. Based on an average trading volume of 1,795 shares, the days-to-cover ratio is presently 273.0 days.

Orbia Advance Stock Performance

OTCMKTS:MXCHF remained flat at $1.30 during trading hours on Tuesday. The business has a fifty day simple moving average of $1.31 and a 200-day simple moving average of $1.15. Orbia Advance has a one year low of $0.62 and a one year high of $1.39.

Orbia Advance Company Profile

Orbia Advance Corporation, formerly known as Mexichem, is a global materials and solutions provider specializing in polymer-based technologies and infrastructure systems. The company operates five key business platforms: Fluorinated Solutions, Polymer Solutions, Precision Agriculture, Building and Infrastructure, and Data Communications. Its product portfolio includes fluoropolymers and refrigerant gases, PVC resins and compounds, drip-irrigation systems, water and gas piping networks, and fiber-optic microducts for broadband connectivity.

In its Fluorinated Solutions segment, Orbia supplies specialty chemicals such as PTFE, PVDF and FEP resins, along with refrigerants and industrial gases used in automotive, electronics and healthcare applications.