Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHF) Stock Short Interest Declines 76.6%

Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHF) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 210,762 shares, a decline of 76.6% from the August 31st total of 900,709 shares. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is presently 62.0 days.

Orbia Advance Price Performance

Orbia Advance stock remained flat at $1.25 during trading hours on Friday. Orbia Advance has a 52-week low of $0.74 and a 52-week high of $1.40. The firm’s fifty day simple moving average is $1.30 and its 200-day simple moving average is $1.28.

Orbia Advance Company Profile

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.