Ambev SA (NYSE:ABEV) Shorted Shares Increased By 3.11%


The stock of Ambev SA (NYSE:ABEV) registered an increase of 3.11% in short interest. ABEV’s total short interest was 34.41M shares in September as published by FINRA. Its up 3.11% from 33.37M shares, reported previously. With 16.57 million shares average volume, it will take short sellers 2 days to cover their ABEV’s short positions. The short interest to Ambev SA’s float is 0.58%. About 7.71 million shares traded hands. Ambev SA (ADR) (NYSE:ABEV) has risen 33.33% since February 8, 2016 and is uptrending. It has outperformed by 16.85% the S&P500.

Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil firm engaged in the brewing sector. The company has a market cap of $95.56 billion. The Firm produces and sells beer, carbonated soft drinks and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. It has a 7.46 P/E ratio. The Company’s activities are divided into three divisions: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as activities in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.

Out of 2 analysts covering AmBev SA (NYSE:ABEV), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $6.40 is the highest target while $4.90 is the lowest. The $5.65 average target is -4.07% below today’s ($5.89) stock price. AmBev SA has been the topic of 2 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Morgan Stanley downgraded the stock on August 18 to “Equal-Weight” rating.

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