Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHF) Sees Significant Growth in Short Interest

Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHF) was the target of a large growth in short interest in 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 presently 462.4 days.

Orbia Advance Stock Performance

OTCMKTS:MXCHF remained flat at $1.25 on Monday. 30,000 shares of the company’s stock traded hands, compared to its average volume of 8,395. Orbia Advance has a 52-week low of $0.74 and a 52-week high of $1.40. The firm’s 50-day simple moving average is $1.32 and its two-hundred day simple moving average is $1.26.

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.