Today Ambev S.A. American Depositary Shares (each Repres (NYSE:ABEV) Reported Decrease in Shorted Shares

February 21, 2018 - By Kurt Siggers

 Today Ambev S.A. American Depositary Shares (each Repres (NYSE:ABEV) Reported Decrease in Shorted Shares

The stock of Ambev S.A. American Depositary Shares (each Repres (NYSE:ABEV) registered a decrease of 4.77% in short interest. ABEV’s total short interest was 23.21 million shares in February as published by FINRA. Its down 4.77% from 24.38 million shares, reported previously. With 18.15M shares average volume, it will take short sellers 1 days to cover their ABEV’s short positions. The short interest to Ambev S.A. American Depositary Shares (each Repres’s float is 0.53%.

It closed at $6.9 lastly. It is up 10.52% since February 21, 2017 and is uptrending. It has underperformed by 6.18% the S&P500.

Ambev S.A., through its subsidiaries, produces, distributes, and sells beer, draft beer, soft drinks, other non-alcoholic beverages, malt, and food in the Americas. The company has market cap of $112.47 billion. The firm operates through Latin America North, Latin America South, and Canada divisions. It has a 39.88 P/E ratio. It offers beers primarily under the Skol, Brahma, Quilmes Cristal, Stella Artois, Paceña, Taquiña, Huari, Antarctica Becker, Beck, Leffe, Corona, Báltica, Pilsen, Patricia, Presidente, Brahma Light, President Light, Bohemia, The One, Becker, Bud Light, Ouro Fino, Modelo Especial, Brahva, Brahva Gold, Extra, Hoegaarden, and Budweiser brands.

Ambev S.A. (NYSE:ABEV) Ratings Coverage

Among 6 analysts covering AmBev SA (NYSE:ABEV), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. AmBev SA has $8.5 highest and $4.90 lowest target. $6.72’s average target is -2.61% below currents $6.9 stock price. AmBev SA had 9 analyst reports since September 17, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Credit Suisse on Tuesday, September 12. The stock of Ambev S.A. (NYSE:ABEV) has “Equal Weight” rating given on Thursday, November 3 by Barclays Capital. The stock of Ambev S.A. (NYSE:ABEV) earned “Equal-Weight” rating by Barclays Capital on Friday, October 27. The rating was maintained by Barclays Capital on Friday, July 28 with “Hold”. The stock of Ambev S.A. (NYSE:ABEV) has “Buy” rating given on Monday, October 10 by Goldman Sachs. The firm earned “Overweight” rating on Thursday, November 10 by JP Morgan. The rating was downgraded by Morgan Stanley on Thursday, August 18 to “Equal-Weight”.

More notable recent Ambev S.A. (NYSE:ABEV) news were published by: Marketwatch.com which released: “Ambev SA ADR” on March 26, 2016, also Investorplace.com with their article: “Ambev SA Stock Looks Good in 2018 as Brazil’s Economy Rebounds” published on January 08, 2018, Quotes.Wsj.com published: “Ambev SA ADR ABEV (US: NYSE)” on November 13, 2013. More interesting news about Ambev S.A. (NYSE:ABEV) were released by: Livetradingnews.com and their article: “Ambev SA (ADR) (NYSE:ABEV) Daily Technical Outlook” published on October 31, 2017 as well as Investorplace.com‘s news article titled: “Why Ambev SA (ADR) Stock Could Triple Its Dividend” with publication date: January 04, 2018.

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