Short Interest Alert: Brf Brasil Foods SA (NYSE:BRFS) Reports Decline in Sellers; Strong Momentum for Longs

November 28, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Alert: Brf Brasil Foods SA (NYSE:BRFS) Reports Decline in Sellers; Strong Momentum for Longs

The stock of Brf Brasil Foods SA (NYSE:BRFS) registered a decrease of 27.01% in short interest. BRFS’s total short interest was 7.72M shares in November as published by FINRA. Its down 27.01% from 10.57M shares, reported previously. With 1.30M shares average volume, it will take short sellers 6 days to cover their BRFS’s short positions. The short interest to Brf Brasil Foods SA’s float is 1.25%. The stock closed at $15.5 during the last session. It is down 15.50% since April 25, 2016 and is uptrending. It has outperformed by 9.49% the S&P500.

BRF S.A. is a food company that focuses on the production and sale of poultry, pork and processed foods. The company has a market cap of $12.44 billion. The Firm produces fresh and frozen protein foods, with a portfolio of over four thousand stock keeping units (SKUs). It has a 28.92 P/E ratio. It sells margarine, sweet specialties, sandwiches, mayonnaise and animal feed.

BRF SA (ADR) (NYSE:BRFS) Ratings Coverage

Out of 5 analysts covering BRF S.A. (NYSE:BRFS), 3 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 60% are positive. BRF S.A. has been the topic of 7 analyst reports since September 16, 2015 according to StockzIntelligence Inc. The stock of BRF SA (ADR) (NYSE:BRFS) earned “Overweight” rating by JP Morgan on Tuesday, May 31. Goldman Sachs downgraded BRF SA (ADR) (NYSE:BRFS) on Monday, October 5 to “Sell” rating. The stock has “Neutral” rating given by Bank of America on Friday, October 30. The stock of BRF SA (ADR) (NYSE:BRFS) has “Buy” rating given on Friday, January 29 by Deutsche Bank. On Wednesday, September 16 the stock rating was downgraded by JP Morgan to “Neutral”. Citigroup upgraded BRF SA (ADR) (NYSE:BRFS) on Thursday, October 8 to “Buy” rating.

BRFS Company Profile

BRF S.A. (BRF), incorporated on August 18, 1934, is a food firm that focuses on the production and sale of poultry, pork and processed foods. The Firm produces fresh and frozen protein foods, with a portfolio of over four thousand stock keeping units (SKUs). The Firm also sells margarine, sweet specialties, sandwiches, mayonnaise and animal feed. The Company’s operating divisions include Brazil; Latin America (LATAM); Europe; Middle East and Africa (MEA), and Asia. The Firm holds brands, such as Sadia, Perdigao, Qualy, Chester, Perdix and Paty. In the domestic market, the Company operates approximately 35 meat processing plants, three margarine processing plants, three pasta processing plants, one dessert processing plant and three soybean crushing plants.

Another recent and important BRF SA (ADR) (NYSE:BRFS) news was published by Marketwatch.com which published an article titled: “/quotes/zigman/3870025/realtime” on December 22, 2009.

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By Clifton Ray


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