Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHF – Get Free Report) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 489,960 shares, an increase of 198.6% from the May 31st total of 164,079 shares. Based on an average daily volume of 1,795 shares, the short-interest ratio is currently 273.0 days.
Orbia Advance Price Performance
Shares of OTCMKTS:MXCHF remained flat at $1.30 during midday trading on Monday. The company has a 50 day simple moving average of $1.31 and a two-hundred day simple moving average of $1.14. Orbia Advance has a 1 year low of $0.62 and a 1 year high of $1.39.
Orbia Advance Company Profile
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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