Short Interest Change: A Reversal for Compania Cervecerias Unidas S A (NYSE:CCU) Is Not Near. The Stock Has Rise in Shorts

November 28, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Change: A Reversal for Compania Cervecerias Unidas S A (NYSE:CCU) Is Not Near. The Stock Has Rise in Shorts

The stock of Compania Cervecerias Unidas S A (NYSE:CCU) registered an increase of 50.59% in short interest. CCU’s total short interest was 1.40 million shares in November as published by FINRA. Its up 50.59% from 927,100 shares, reported previously. With 304,500 shares average volume, it will take short sellers 5 days to cover their CCU’s short positions. The short interest to Compania Cervecerias Unidas S A’s float is 1.89%. About 35,647 shares traded hands. Compania Cervecerias Unidas S.A. (ADR) (NYSE:CCU) has declined 8.42% since April 25, 2016 and is downtrending. It has underperformed by 14.43% the S&P500.

Compania Cervecerias Unidas S.A. is a diversified beverage firm operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The company has a market cap of $3.69 billion. The Firm operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. It has a 24.99 P/E ratio. The Company’s divisions include Chile, International Business and Wine.

Insitutional Activity: The institutional sentiment decreased to 0.9 in Q2 2016. Its down 0.38, from 1.28 in 2016Q1. The ratio dropped, as 8 funds sold all Compania Cervecerias Unidas S.A. (ADR) shares owned while 21 reduced positions. 8 funds bought stakes while 29 increased positions. They now own 25.64 million shares or 3.41% less from 26.55 million shares in 2016Q1.
The Massachusetts-based State Street has invested 0% in Compania Cervecerias Unidas S.A. (ADR) (NYSE:CCU). Renaissance Techs Limited Liability Corporation accumulated 0.02% or 373,400 shares. Parametric Port Assoc Limited Liability Corp holds 234,195 shares or 0.01% of its portfolio. Marathon Asset Mgmt Limited Liability Partnership, a United Kingdom-based fund reported 29,618 shares. Huntington Savings Bank holds 0% or 2,000 shares in its portfolio. Naples Glob Advisors Ltd Llc holds 0.5% or 52,017 shares in its portfolio. Legal General Grp Public Limited Liability Com holds 24,547 shares or 0% of its portfolio. Barclays Public Ltd, a United Kingdom-based fund reported 16,898 shares. The New York-based First Eagle Management Ltd Co has invested 0.3% in Compania Cervecerias Unidas S.A. (ADR) (NYSE:CCU). The New York-based Millennium Mngmt Limited Liability has invested 0.01% in Compania Cervecerias Unidas S.A. (ADR) (NYSE:CCU). Yorktown Mgmt & Research Incorporated has invested 0.07% of its portfolio in Compania Cervecerias Unidas S.A. (ADR) (NYSE:CCU). Asset Mngmt has invested 0.01% of its portfolio in Compania Cervecerias Unidas S.A. (ADR) (NYSE:CCU). Lazard Asset Management Limited Liability Company has 0% invested in the company for 84,400 shares. Axa last reported 283,435 shares in the company. Glenmede Comm Na owns 329 shares or 0% of their US portfolio.

Compania Cervecerias Unidas S.A. (ADR) (NYSE:CCU) Ratings Coverage

Out of 4 analysts covering United Breweries Company Limited (NYSE:CCU), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. United Breweries Company Limited has been the topic of 8 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Saturday, August 29 by TheStreet. The stock has “Neutral” rating given by Citigroup on Monday, August 29. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, November 10 report. The stock of Compania Cervecerias Unidas S.A. (ADR) (NYSE:CCU) has “Buy” rating given on Monday, January 18 by Goldman Sachs. The company was downgraded on Wednesday, October 5 by JP Morgan. The firm earned “Neutral” rating on Tuesday, August 4 by JP Morgan. JP Morgan maintained Compania Cervecerias Unidas S.A. (ADR) (NYSE:CCU) rating on Monday, November 2. JP Morgan has “Neutral” rating and $25 price target. On Friday, January 15 the stock rating was upgraded by Goldman Sachs to “Buy”.

CCU Company Profile

Compania Cervecerias Unidas S.A., incorporated on March 31, 1902, is a diversified beverage firm operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Firm operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. It also participates in the home and office delivery (HOD), rum and confectionery industries in Chile; in the beer, water and soft drinks industries in Uruguay, and in the soft drinks, water and nectar industries and beer distribution in Paraguay and Bolivia. The Company’s divisions include Chile, International Business and Wine.

More news for Compania Cervecerias Unidas S.A. (ADR) (NYSE:CCU) were recently published by: Marketwatch.com, which released: “Compania Cervecerias Unidas SA ADR” on April 15, 2011. Fool.com‘s article titled: “Chilean Peso Falls: What Will Happen to These Chilean ADRs?” and published on February 05, 2014 is yet another important article.

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By Marie Mckinney


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