Short Interest in Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) Expands By 63.8%

Key Points

• Orbia Advance Corporation experienced a significant increase in short interest, rising by 63.8% in July to a total of 7,700 shares shorted by July 31st.
• The company's shares have been trading down 1.4%, currently valued at $1.37, with a trading volume of 237 shares compared to an average of 1,874.
• Barclays has reissued an "overweight" rating for Orbia Advance, indicating confidence in the company's potential for growth.

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY - Get Free Report) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 7,700 shares, agrowthof63.8% from the July 15th total of 4,700 shares. Currently,0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,300 shares, the short-interest ratio is presently 5.9 days. Based on an average daily trading volume, of 1,300 shares, the short-interest ratio is presently 5.9 days. Currently,0.0% of the shares of the company are short sold.

Orbia Advance Price Performance

Shares of OTCMKTS MXCHY traded up $0.10 during mid-day trading on Friday, reaching $1.45. The company had a trading volume of 13,200 shares, compared to its average volume of 2,864. The company has a quick ratio of 0.93, a current ratio of 1.36 and a debt-to-equity ratio of 1.48. Orbia Advance has a one year low of $1.00 and a one year high of $2.55. The business's 50-day simple moving average is $1.36 and its 200 day simple moving average is $1.39.

Analyst Upgrades and Downgrades

Separately, Barclays reiterated an "overweight" rating on shares of Orbia Advance in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy".

Orbia Advance Company Profile

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.