Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) Sees Significant Growth in Short Interest

Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 3,394,910 shares, an increase of 92.7% from the June 30th total of 1,761,342 shares. Based on an average trading volume of 14,237 shares, the short-interest ratio is presently 238.5 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays reaffirmed an “overweight” rating on shares of Arca Continental in a report on Monday, May 4th. Itau BBA Securities raised Arca Continental to an “outperform” rating in a research note on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Arca Continental Price Performance

OTCMKTS:EMBVF opened at $11.43 on Thursday. The firm has a 50 day simple moving average of $12.03 and a 200-day simple moving average of $11.83. Arca Continental has a 1-year low of $9.51 and a 1-year high of $13.10.

Arca Continental Company Profile

Arca Continental, established in 2001 through the merger of three Mexican Coca-Cola bottlers, is one of the world’s largest franchise bottlers affiliated with The Coca-Cola Company. Headquartered in Monterrey, Mexico, the company ranks among the top three Coca-Cola bottlers globally by volume and is publicly listed on the Mexican Stock Exchange, trading over-the-counter in the United States under the symbol EMBVF.

The company’s core operations encompass the production, bottling and distribution of a broad portfolio of ready-to-drink beverages.