América Móvil, S.A.B. de C.V. (NYSE:AMX) Short Interest Up 45.2% in August

América Móvil, S.A.B. de C.V. (NYSE:AMX) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 8,990,000 shares, an increase of 45.2% from the August 15th total of 6,190,000 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 2,200,000 shares, the short-interest ratio is currently 4.1 days.

Separately, Zacks Investment Research cut shares of América Móvil from a “strong-buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research report on Wednesday, May 26th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. American Trust Investment Advisors LLC grew its holdings in shares of América Móvil by 158.0% in the 1st quarter. American Trust Investment Advisors LLC now owns 159,690 shares of the Wireless communications provider’s stock valued at $2,169,000 after acquiring an additional 97,805 shares in the last quarter. Credit Suisse AG lifted its stake in América Móvil by 1,193.6% in the 1st quarter. Credit Suisse AG now owns 1,739,024 shares of the Wireless communications provider’s stock valued at $23,616,000 after purchasing an additional 1,604,588 shares during the last quarter. Westwood Global Investments LLC lifted its stake in América Móvil by 2.8% in the 1st quarter. Westwood Global Investments LLC now owns 17,221,524 shares of the Wireless communications provider’s stock valued at $233,868,000 after purchasing an additional 467,052 shares during the last quarter. Brandes Investment Partners LP lifted its stake in América Móvil by 1.4% in the 1st quarter. Brandes Investment Partners LP now owns 117,866 shares of the Wireless communications provider’s stock valued at $1,625,000 after purchasing an additional 1,656 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in América Móvil in the 1st quarter valued at about $15,326,000. Institutional investors own 6.25% of the company’s stock.

AMX stock opened at $17.95 on Tuesday. The stock has a 50-day moving average price of $17.51 and a two-hundred day moving average price of $15.62. The stock has a market cap of $59.32 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 0.60 and a beta of 0.75. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.49. América Móvil has a 1 year low of $11.59 and a 1 year high of $19.79.

América Móvil (NYSE:AMX) last released its earnings results on Monday, July 12th. The Wireless communications provider reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.28. The firm had revenue of $12.61 billion during the quarter, compared to analysts’ expectations of $12.16 billion. América Móvil had a return on equity of 34.73% and a net margin of 9.99%. On average, analysts forecast that América Móvil will post 1.29 earnings per share for the current fiscal year.

The business also recently disclosed a semi-annual dividend, which was paid on Monday, July 26th. Stockholders of record on Friday, July 16th were issued a $0.20 dividend. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date of this dividend was Thursday, July 15th. This represents a dividend yield of 2.3%. América Móvil’s dividend payout ratio (DPR) is presently 65.57%.

About América Móvil

America Movil SAB de CV engages in the provision of telecommunications services. It offers wireless voice, wireless data and value added services, fixed voice, fixed broadband, fixed data, pay television, and information technology services. The company was founded on September 25, 2000 and is headquartered in Mexico City, Mexico.

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