What Next for ALFA S.A.B. DE C.V. ORDINARY SHARES A M (OTCMKTS:ALFFF) Stock After Decrease in Shorted Shares?

April 17, 2018 - By Adrian Mccoy

Alfa, S. A. B. de C. V. (OTCMKTS:ALFFF) Logo

The stock of ALFA S.A.B. DE C.V. ORDINARY SHARES A M (OTCMKTS:ALFFF) registered a decrease of 23.43% in short interest. ALFFF’s total short interest was 8.52 million shares in April as published by FINRA. Its down 23.43% from 11.13 million shares, reported previously. With 50,000 shares average volume, it will take short sellers 170 days to cover their ALFFF’s short positions.

It closed at $1.29 lastly. It is down 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Alfa, S. A. B. de C. V., through its subsidiaries, engages in the petrochemicals and synthetic fibers, refrigerated foods, aluminum auto parts, telecommunications, and natural gas and hydrocarbons businesses. The company has market cap of $6.35 billion. It operates in five divisions: Alpek, Sigma, Nemak, Alestra, and Newpek. It currently has negative earnings. The firm makes petrochemical and synthetic fiber products, including purified terephtalic acid, polyethylene terephtalate, fibers, polypropylene, expandable polystyrene, and caprolactam.

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