Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF) Sees Significant Drop in Short Interest

Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 430,065 shares, a drop of 65.7% from the August 15th total of 1,254,641 shares. Based on an average daily volume of 20 shares, the days-to-cover ratio is currently 21,503.2 days.

Analyst Upgrades and Downgrades

Separately, UBS Group downgraded shares of Alsea to a “neutral” rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Alsea Price Performance

Shares of ALSSF stock opened at $2.58 on Monday. The stock has a 50-day moving average of $2.43 and a 200-day moving average of $2.82. Alsea has a one year low of $2.24 and a one year high of $3.69.

Alsea Company Profile

Alsea SAB. de C.V., trading over the counter as ALSSF, is a leading operator of quick-service, casual-dining and café concepts across Latin America and Europe. Headquartered in Mexico City, the company holds master franchise and license rights for internationally known brands, overseeing day-to-day operations, supply-chain logistics and marketing for each restaurant concept.

The company’s portfolio includes quick-service staples such as Domino’s Pizza, Burger King and Starbucks, along with casual-dining and coffee shop formats like Vips, El Globo and Pe.Tra bakery cafés.