Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHY) Sees Significant Decrease in Short Interest

Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHY) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 1,400 shares, a drop of 12.5% from the December 31st total of 1,600 shares. Based on an average daily volume of 1,000 shares, the short-interest ratio is presently 1.4 days.

Orbia Advance Stock Performance

Shares of OTCMKTS MXCHY remained flat at $1.26 during mid-day trading on Monday. 171 shares of the stock traded hands, compared to its average volume of 3,150. The firm’s fifty day moving average price is $1.58 and its two-hundred day moving average price is $1.90. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 1.47. Orbia Advance has a 12 month low of $1.26 and a 12 month high of $4.62.

Orbia Advance Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 23rd were issued a dividend of $0.0294 per share. This is a positive change from Orbia Advance’s previous dividend of $0.00. The ex-dividend date of this dividend was Monday, December 23rd.

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.