Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) Short Interest Update

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY – Get Free Report) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 2,193 shares, a drop of 69.5% from the May 14th total of 7,179 shares. Based on an average trading volume of 1,544 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Barclays reaffirmed an “overweight” rating on shares of Orbia Advance in a research note on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

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Orbia Advance Stock Performance

Shares of OTCMKTS MXCHY remained flat at $2.47 during mid-day trading on Friday. The company has a quick ratio of 1.10, a current ratio of 1.56 and a debt-to-equity ratio of 1.76. Orbia Advance has a 1-year low of $1.00 and a 1-year high of $2.75. The company’s 50-day moving average price is $2.50 and its two-hundred day moving average price is $2.18.

Orbia Advance (OTCMKTS:MXCHY – Get Free Report) last announced its earnings results on Tuesday, April 28th. The basic materials company reported $999.00 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $998.99. Orbia Advance had a negative return on equity of 9.53% and a negative net margin of 4.81%. On average, equities analysts forecast that Orbia Advance will post 0.12 earnings per share for the current fiscal year.

Orbia Advance Company Profile

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Orbia Advance Corporation, formerly Mexichem, is a leading global provider of specialty materials and innovative solutions headquartered in Mexico City. Founded in 1953 as the first vinyl chloride producer in Mexico, the company rebranded to Orbia Advance in 2019 to reflect its broadened portfolio spanning advanced chemicals, polymers and infrastructure technologies.

Orbia’s operations are organized into four core segments: Fluorinated Solutions, which offers refrigerants, fluoropolymers and specialty chemicals; Polymer Solutions, producing polyethylene, PVC and compound resins; Building & Infrastructure, supplying piping systems, cables and water management products; and Precision Agriculture, delivering drip-irrigation systems and soil-conditioning services.

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