Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF) Sees Significant Drop in Short Interest

Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 69,495 shares, a decline of 57.8% from the November 30th total of 164,722 shares. Based on an average daily volume of 87 shares, the short-interest ratio is currently 798.8 days. Based on an average daily volume of 87 shares, the short-interest ratio is currently 798.8 days.

Alsea Price Performance

Shares of Alsea stock opened at $2.80 on Friday. The business’s fifty day simple moving average is $2.68 and its 200-day simple moving average is $2.81. Alsea has a 52 week low of $1.89 and a 52 week high of $3.37.

Wall Street Analysts Forecast Growth

Separately, Barclays raised shares of Alsea to an “overweight” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Alsea presently has an average rating of “Buy”.

About Alsea

Alsea SAB. de C.V., trading over the counter as ALSSF, is a leading operator of quick-service, casual-dining and café concepts across Latin America and Europe. Headquartered in Mexico City, the company holds master franchise and license rights for internationally known brands, overseeing day-to-day operations, supply-chain logistics and marketing for each restaurant concept.

The company’s portfolio includes quick-service staples such as Domino’s Pizza, Burger King and Starbucks, along with casual-dining and coffee shop formats like Vips, El Globo and Pe.Tra bakery cafés.