Shorts On Watch: Ambev SA (NYSE:ABEV) on Focus After Report of Less Shorts

November 23, 2016 - By Richard Conner   ·   0 Comments

Shorts On Watch: Ambev SA (NYSE:ABEV) on Focus After Report of Less Shorts

The stock of Ambev SA (NYSE:ABEV) registered a decrease of 12.53% in short interest. ABEV’s total short interest was 25.43M shares in November as published by FINRA. Its down 12.53% from 29.08 million shares, reported previously. With 15.11 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 0.43%. The stock decreased 2.32% or $0.12 during the last trading session, hitting $5.06. About 300 shares traded hands. Ambev SA (ADR) (NYSE:ABEV) has declined 6.12% since April 21, 2016 and is downtrending. It has underperformed by 11.45% 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 $81.42 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 6.41 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.

Ambev SA (ADR) (NYSE:ABEV) Ratings Coverage

Out of 4 analysts covering AmBev SA (NYSE:ABEV), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $6.80 is the highest target while $4.90 is the lowest. The $6.03 average target is 19.17% above today’s ($5.06) stock price. AmBev SA has been the topic of 5 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Barclays Capital reinitiated it with “Equal Weight” rating and $6 target price in Thursday, November 3 report. The company was maintained on Monday, October 10 by Goldman Sachs. Morgan Stanley downgraded Ambev SA (ADR) (NYSE:ABEV) rating on Thursday, August 18. Morgan Stanley has “Equal-Weight” rating and $6.40 price target. The company was upgraded on Thursday, November 10 by JP Morgan.

More news for Ambev SA (ADR) (NYSE:ABEV) were recently published by: Marketwatch.com, which released: “Virtual Stock Exchange” on November 20, 2013. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on November 13, 2013 is yet another important article.

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By Richard Conner


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