Short Interest Alert: What Next for Arcos Dorados Holdings Incorporated (NYSE:ARCO) Stock After Decrease in Shorted Shares?

November 24, 2016 - By Darrin Black   ·   0 Comments

Short Interest Alert: What Next for Arcos Dorados Holdings Incorporated (NYSE:ARCO) Stock After Decrease in Shorted Shares?

The stock of Arcos Dorados Holdings Incorporated (NYSE:ARCO) registered a decrease of 37.6% in short interest. ARCO’s total short interest was 136,100 shares in November as published by FINRA. Its down 37.6% from 218,100 shares, reported previously. With 482,700 shares average volume, it will take short sellers 0 days to cover their ARCO’s short positions. The short interest to Arcos Dorados Holdings Incorporated’s float is 0.1%. The stock decreased 1.74% or $0.1 on November 23, hitting $5.65. About 239,218 shares traded hands. Arcos Dorados Holding Inc (NYSE:ARCO) has risen 35.49% since April 22, 2016 and is uptrending. It has outperformed by 30.08% the S&P500.

Arcos Dorados Holdings Inc. is a McDonald’s franchisee. The company has a market cap of $1.15 billion. The Firm operates or franchises over 2,140 McDonald’s-branded restaurants. It has a 18.6 P/E ratio. It divides its activities into four geographical divisions: Brazil; the Caribbean division, consisting of Aruba, Colombia, Curacao, French Guiana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas, and Venezuela; the North Latin America division , consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay.

Arcos Dorados Holding Inc (NYSE:ARCO) Ratings Coverage

Out of 3 analysts covering Arcos Dorados Holdings Inc. (NYSE:ARCO), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Arcos Dorados Holdings Inc. has been the topic of 3 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by Morgan Stanley on Monday, October 24. The firm earned “Neutral” rating on Monday, December 7 by Citigroup. As per Wednesday, August 12, the company rating was downgraded by Bank of America.

ARCO Company Profile

Arcos Dorados Holdings Inc., incorporated on December 9, 2010, is a McDonald’s franchisee. The Firm owns, operates and grants franchises of McDonald’s restaurants in approximately 20 countries and territories in Latin America and the Caribbean. The Firm operates or franchises over 2,140 McDonald’s-branded restaurants. It operates in the Quick service restaurants (QSR) sub-segment of the fast food segment of the Latin American and Caribbean food service industry. The Firm divides its activities into four geographical divisions: Brazil; the Caribbean division, consisting of Aruba, Colombia, Curacao, French Guiana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas, and Venezuela; the North Latin America division (NOLAD), consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay.

More notable recent Arcos Dorados Holding Inc (NYSE:ARCO) news were published by: Fool.com which released: “Why Arcos Dorados Holdings, Inc. Stock Fell 11% in August” on September 14, 2016, also Fool.com with their article: “Why Arcos Dorados Holdings, Inc. Tacked On Another 11% in April” published on May 16, 2016, Fool.com published: “Why Arcos Dorados Holding Inc. Stock Jumped Today” on March 17, 2016. More interesting news about Arcos Dorados Holding Inc (NYSE:ARCO) were released by: Fool.com and their article: “Why Shares of Arcos Dorados Holdings Inc. Surged 28% in November” published on December 02, 2015 as well as Fool.com‘s news article titled: “Here’s Why Shares of Arcos Dorados Holdings, Inc. Soared 43% in March” with publication date: April 05, 2016.

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By Darrin Black


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