Short Interest in Arcos Dorados Holdings Inc. (NYSE:ARCO) Drops By 29.9%

Arcos Dorados Holdings Inc. (NYSE:ARCO) saw a significant drop in short interest in February. As of February 15th, there was short interest totalling 1,620,000 shares, a drop of 29.9% from the January 31st total of 2,310,000 shares. Based on an average trading volume of 1,370,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.3% of the company’s stock are sold short.

Arcos Dorados Stock Up 0.3 %

Shares of NYSE ARCO traded up $0.02 during trading on Tuesday, reaching $7.61. 1,008,129 shares of the stock were exchanged, compared to its average volume of 1,321,167. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 10.87 and a beta of 1.13. The business’s 50-day moving average price is $7.71 and its 200 day moving average price is $8.34. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40. Arcos Dorados has a twelve month low of $7.02 and a twelve month high of $12.00.

Hedge Funds Weigh In On Arcos Dorados

Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in shares of Arcos Dorados by 53.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 289,153 shares of the restaurant operator’s stock worth $2,105,000 after acquiring an additional 100,461 shares during the last quarter. PharVision Advisers LLC purchased a new stake in Arcos Dorados during the 4th quarter worth approximately $350,000. Voloridge Investment Management LLC increased its holdings in Arcos Dorados by 3.6% during the 4th quarter. Voloridge Investment Management LLC now owns 900,088 shares of the restaurant operator’s stock worth $6,553,000 after purchasing an additional 31,010 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Arcos Dorados in the 4th quarter valued at approximately $223,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Arcos Dorados by 11.7% during the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 519,496 shares of the restaurant operator’s stock valued at $3,782,000 after buying an additional 54,225 shares during the last quarter. Institutional investors and hedge funds own 55.91% of the company’s stock.

About Arcos Dorados

Arcos Dorados Holdings Inc operates as a franchisee of McDonald’s restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald’s restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.