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

Ambev S.A. (NYSE:ABEV) was the recipient of a significant increase in short interest in the month of 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 trading volume of 24,730,000 shares, the short-interest ratio is presently 2.9 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Ambev

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MCIA Inc purchased a new position in Ambev in the third quarter valued at $25,000. HTLF Bank acquired a new position in Ambev during the 3rd quarter worth approximately $26,000. Wealthstream Advisors Inc. acquired a new position in Ambev during the 3rd quarter worth approximately $29,000. Riversedge Advisors LLC acquired a new position in Ambev during the 3rd quarter worth approximately $31,000. Finally, Foster Group Inc. acquired a new stake in shares of Ambev in the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Trading Up 3.3 %

ABEV stock traded up $0.07 during midday trading on Monday, hitting $2.19. 56,075,095 shares of the company’s stock were exchanged, compared to its average volume of 19,201,031. The business has a 50-day simple moving average of $2.27 and a two-hundred day simple moving average of $2.23. 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 stock has a market capitalization of $34.50 billion, a PE ratio of 12.17, a P/E/G ratio of 6.60 and a beta of 1.06. Ambev has a 1-year low of $2.01 and a 1-year high of $3.00.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Ambev in a research report on Friday, October 18th. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $2.70.

Ambev Company Profile

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.