Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHF) Short Interest Down 25.4% in December

Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHF) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 2,692,800 shares, a drop of 25.4% from the December 15th total of 3,611,600 shares. Based on an average daily volume of 125,700 shares, the days-to-cover ratio is currently 21.4 days.

Orbia Advance Stock Performance

MXCHF remained flat at $0.73 on Wednesday. The firm has a 50 day moving average of $0.83 and a two-hundred day moving average of $1.03. Orbia Advance has a 52 week low of $0.73 and a 52 week high of $2.35.

Orbia Advance Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.021 per share. The ex-dividend date of this dividend was Tuesday, December 17th. Orbia Advance’s dividend payout ratio (DPR) is presently 59.35%.

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.