AMBEV S A/S (NYSE:ABEV) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 18,748,329 shares, a drop of 14.3% from the October 31st total of 21,880,897 shares. Based on an average daily trading volume, of 26,700,624 shares, the short-interest ratio is presently 0.7 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ABEV. CIBC World Markets Inc. acquired a new stake in shares of AMBEV S A/S during the third quarter worth about $103,000. Sawtooth Solutions LLC acquired a new stake in shares of AMBEV S A/S during the third quarter worth about $104,000. One Wealth Advisors LLC acquired a new stake in shares of AMBEV S A/S during the third quarter worth about $110,000. Henry James International Management Inc. acquired a new stake in shares of AMBEV S A/S during the third quarter worth about $110,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of AMBEV S A/S by 184.4% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 34,750 shares of the company’s stock worth $159,000 after purchasing an additional 22,530 shares during the period. 7.05% of the stock is currently owned by institutional investors.

NYSE ABEV opened at $4.27 on Thursday. The stock has a market cap of $67.04 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 2.10 and a beta of 0.54. The company has a current ratio of 1.02, a quick ratio of 0.82 and a debt-to-equity ratio of 0.06. AMBEV S A/S has a one year low of $3.86 and a one year high of $7.43.

A number of equities analysts have issued reports on ABEV shares. Bank of America cut AMBEV S A/S from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $5.40 to $4.00 in a report on Thursday, October 25th. Zacks Investment Research upgraded AMBEV S A/S from a “sell” rating to a “hold” rating in a report on Friday, November 30th. ValuEngine upgraded AMBEV S A/S from a “sell” rating to a “hold” rating in a report on Friday, August 10th. JPMorgan Chase & Co. cut AMBEV S A/S from a “neutral” rating to an “underweight” rating in a report on Thursday, October 25th. Finally, UBS Group cut AMBEV S A/S from a “buy” rating to a “sell” rating in a report on Tuesday, October 2nd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $6.13.

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AMBEV S A/S Company Profile

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food in the Americas. It operates through Latin America North, Latin America South, and Canada segments. The company offers beer primarily under the Skol, Brahma, Antarctic, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.

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