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

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 457,500 shares, a decline of 71.7% from the September 15th total of 1,617,200 shares. Based on an average trading volume of 1,500 shares, the short-interest ratio is presently 305.0 days. Based on an average trading volume of 1,500 shares, the short-interest ratio is presently 305.0 days.

ALPEK Stock Performance

Shares of OTCMKTS ALPKF opened at $0.59 on Monday. ALPEK has a 52-week low of $0.51 and a 52-week high of $0.75. The firm has a 50 day moving average price of $0.54 and a 200 day moving average price of $0.55.

Wall Street Analyst Weigh In

Separately, Santander raised ALPEK to an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, ALPEK presently has a consensus rating of “Buy”.

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.