Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHY) Short Interest Down 40.0% in May

Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHY - Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 1,200 shares, a drop of 40.0% from the April 30th total of 2,000 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 900 shares, the days-to-cover ratio is presently 1.3 days.

Orbia Advance Stock Performance

Shares of OTCMKTS:MXCHY traded down $0.07 on Monday, hitting $1.31. 1,000 shares of the company's stock were exchanged, compared to its average volume of 3,853. Orbia Advance has a 12 month low of $1.18 and a 12 month high of $3.55. The business's 50 day simple moving average is $1.39 and its two-hundred day simple moving average is $1.48. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 1.47.

Wall Street Analyst Weigh In

Separately, Barclays reiterated an "overweight" rating on shares of Orbia Advance in a research report on Tuesday, May 6th.

About Orbia Advance

Orbia Advance Corporation, SAB. de C.V. provides products and solutions for precision agriculture, building and infrastructure, fluorinated, polymer, and connectivity sectors worldwide. The company offers irrigation systems, agricultural and greenhouse projects, digital farming technologies, and related services; and connectivity solutions, including conduits, cable-in conduit, and other HDPE products and solutions.