Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) Short Interest Up 3,032.0% in July

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 6,264 shares, a growth of 3,032.0% from the June 30th total of 200 shares. Based on an average trading volume of 4,381 shares, the short-interest ratio is presently 1.4 days. Approximately 0.0% of the shares of the stock are short sold.

Orbia Advance Stock Performance

Shares of Orbia Advance stock opened at $2.71 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.02 and a current ratio of 1.44. Orbia Advance has a 52-week low of $1.28 and a 52-week high of $2.75. The company’s 50 day moving average price is $2.55 and its 200-day moving average price is $2.35.

Analyst Upgrades and Downgrades

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

About Orbia Advance

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.