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

Key Points

• Orbia Advance Corporation experienced a notable increase in short interest, with a total of 4,700 shares shorted as of July 15th, representing an 88.0% rise from the previous month.
• The company has a current ratio of 1.36 and a debt-to-equity ratio of 1.48, indicating financial stability and some leverage in its capital structure.
• Barclays has reaffirmed an "overweight" rating on Orbia Advance shares, suggesting confidence in the stock's future performance.

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY - Get Free Report) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 4,700 shares, anincreaseof88.0% from the June 30th total of 2,500 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is presently 6.7 days. Based on an average daily trading volume, of 700 shares, the short-interest ratio is presently 6.7 days.

Orbia Advance Stock Performance

Shares of MXCHY opened at $1.31 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 0.93 and a debt-to-equity ratio of 1.48. The stock has a fifty day moving average price of $1.37 and a two-hundred day moving average price of $1.39. Orbia Advance has a 52-week low of $1.00 and a 52-week high of $2.55.

Analysts Set New Price Targets

Separately, Barclays reaffirmed an "overweight" rating on shares of Orbia Advance in a 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.

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