Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHF – Get Free Report) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,256,834 shares, a growth of 59.7% from the July 30th total of 787,205 shares. Based on an average daily volume of 2,718 shares, the short-interest ratio is currently 462.4 days.
Orbia Advance Stock Performance
MXCHF remained flat at $1.25 during midday trading on Monday. The company’s stock had a trading volume of 30,000 shares, compared to its average volume of 8,395. The stock has a 50 day moving average of $1.32 and a two-hundred day moving average of $1.26. Orbia Advance has a 1 year low of $0.74 and a 1 year high of $1.40.
About Orbia Advance
Orbia Advance Corporation, formerly known as Mexichem, is a global materials and solutions provider specializing in polymer-based technologies and infrastructure systems. The company operates five key business platforms: Fluorinated Solutions, Polymer Solutions, Precision Agriculture, Building and Infrastructure, and Data Communications. Its product portfolio includes fluoropolymers and refrigerant gases, PVC resins and compounds, drip-irrigation systems, water and gas piping networks, and fiber-optic microducts for broadband connectivity.
In its Fluorinated Solutions segment, Orbia supplies specialty chemicals such as PTFE, PVDF and FEP resins, along with refrigerants and industrial gases used in automotive, electronics and healthcare applications.
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