Ambev S.A. (NYSE:ABEV) Short Interest Update

Ambev S.A. (NYSE:ABEV) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 72,090,000 shares, an increase of 9.9% from the October 31st total of 65,590,000 shares. Based on an average daily volume of 24,730,000 shares, the short-interest ratio is currently 2.9 days. Approximately 0.5% of the company’s shares are short sold.

Ambev Stock Performance

ABEV traded down $0.03 during trading on Wednesday, hitting $2.28. The stock had a trading volume of 24,437,897 shares, compared to its average volume of 19,280,533. Ambev has a 12 month low of $2.01 and a 12 month high of $3.00. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. The firm has a market cap of $35.92 billion, a PE ratio of 12.81, a P/E/G ratio of 6.44 and a beta of 1.05. The company has a 50 day simple moving average of $2.27 and a 200-day simple moving average of $2.23.

Institutional Trading of Ambev

Several institutional investors have recently made changes to their positions in the business. HTLF Bank bought a new stake in Ambev during the 3rd quarter worth about $26,000. MCIA Inc acquired a new position in Ambev in the third quarter valued at about $25,000. Wealthstream Advisors Inc. bought a new position in Ambev during the 3rd quarter worth approximately $29,000. Riversedge Advisors LLC acquired a new position in Ambev during the third quarter valued at approximately $31,000. Finally, Foster Group Inc. bought a new stake in Ambev in the third quarter valued at approximately $33,000. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Ambev in a report on Friday, October 18th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Ambev currently has an average rating of “Moderate Buy” and an average price target of $2.70.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.