What Next for ALPEK SAB DE CV ORDINARY SHARES FINANCIA (OTCMKTS:ALPKF) Stock After Increase in Shorted Shares?

June 17, 2018 - By Ellis Scott

The stock of ALPEK SAB DE CV ORDINARY SHARES FINANCIA (OTCMKTS:ALPKF) registered an increase of 21.12% in short interest. ALPKF’s total short interest was 2.31M shares in June as published by FINRA. Its up 21.12% from 1.91M shares, reported previously.

It closed at $1.411399 lastly. It is down 0.00% since June 17, 2017 and is . It has underperformed by 12.57% the S&P500.

Alpek, S.A.B. de C.V., together with its subsidiaries, operates as a petrochemical firm in Mexico, the United States, Argentina, Brazil, and Chile. The company has market cap of $3.03 billion. It operates in two divisions, Polyester and Plastics and Chemicals. It currently has negative earnings. The Polyester segment produces purified terephthalic acid for use as a raw material for polyethylene terephthalate and polyester fibers manufacturing; and PET, a plastic resin used in the beverage, food, and consumer good packaging applications.

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