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

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 7,179 shares, an increase of 591.6% from the April 30th total of 1,038 shares. Based on an average daily volume of 7,126 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.0% of the shares of the stock are sold short.

Orbia Advance Stock Up 3.3%

Orbia Advance stock opened at $2.65 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.10 and a current ratio of 1.56. The company has a 50-day moving average price of $2.44 and a 200 day moving average price of $2.14. Orbia Advance has a 12-month low of $1.00 and a 12-month high of $2.75.

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

Analyst Upgrades and Downgrades

Separately, Barclays reissued an “overweight” rating on shares of Orbia Advance in a research note on Friday, May 1st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Orbia Advance Company Profile

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.