Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) Sees Large Decrease in Short Interest

Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 865,877 shares, a drop of 17.5% from the November 30th total of 1,050,157 shares. Based on an average trading volume of 6,631 shares, the short-interest ratio is presently 130.6 days. Based on an average trading volume of 6,631 shares, the short-interest ratio is presently 130.6 days.

Arca Continental Stock Performance

Shares of Arca Continental stock remained flat at $10.98 during trading on Thursday. The stock had a trading volume of 1,632 shares, compared to its average volume of 7,482. The firm’s 50-day moving average is $10.21 and its two-hundred day moving average is $10.27. Arca Continental has a 1 year low of $8.25 and a 1 year high of $11.23.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded Arca Continental to a “buy” rating in a research report on Tuesday, September 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Arca Continental presently has a consensus rating of “Buy”.

Arca Continental Company Profile

Arca Continental, established in 2001 through the merger of three Mexican Coca-Cola bottlers, is one of the world’s largest franchise bottlers affiliated with The Coca-Cola Company. Headquartered in Monterrey, Mexico, the company ranks among the top three Coca-Cola bottlers globally by volume and is publicly listed on the Mexican Stock Exchange, trading over-the-counter in the United States under the symbol EMBVF.

The company’s core operations encompass the production, bottling and distribution of a broad portfolio of ready-to-drink beverages.