Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF) Short Interest Down 57.8% in December

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

Alsea Price Performance

ALSSF opened at $2.80 on Friday. The firm has a 50 day simple moving average of $2.68 and a 200 day simple moving average of $2.81. Alsea has a fifty-two week low of $1.89 and a fifty-two week high of $3.37.

Wall Street Analysts Forecast Growth

Separately, Barclays raised shares of Alsea to an “overweight” rating in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Alsea Company Profile

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.