Short Interest in Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) Decreases By 36.0%

Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 2,173,523 shares, a decrease of 36.0% from the July 15th total of 3,394,910 shares. Based on an average daily volume of 2,401 shares, the days-to-cover ratio is presently 905.3 days.

Arca Continental Price Performance

Shares of EMBVF stock remained flat at $11.17 during trading hours on Tuesday. 332 shares of the stock traded hands, compared to its average volume of 5,148. Arca Continental has a one year low of $9.51 and a one year high of $13.10. The company’s fifty day simple moving average is $11.66 and its 200 day simple moving average is $11.84.

Analyst Upgrades and Downgrades

EMBVF has been the topic of a number of analyst reports. Barclays reaffirmed an “overweight” rating on shares of Arca Continental in a research note on Monday, May 4th. Itau BBA Securities upgraded Arca Continental to an “outperform” rating in a report on Tuesday, April 28th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average 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.