Short Interest in Arcos Dorados Holdings Inc. (NYSE:ARCO) Declines By 29.9%

Arcos Dorados Holdings Inc. (NYSE:ARCO) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 1,620,000 shares, a decrease of 29.9% from the January 31st total of 2,310,000 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average trading volume of 1,370,000 shares, the short-interest ratio is currently 1.2 days.

Arcos Dorados Price Performance

ARCO traded up $0.12 on Wednesday, reaching $7.73. The company had a trading volume of 161,302 shares, compared to its average volume of 1,293,306. The company has a fifty day moving average of $7.72 and a 200-day moving average of $8.33. The company has a market capitalization of $1.63 billion, a P/E ratio of 11.04 and a beta of 1.13. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. Arcos Dorados has a one year low of $7.02 and a one year high of $12.00.

Hedge Funds Weigh In On Arcos Dorados

A number of institutional investors and hedge funds have recently bought and sold shares of ARCO. Americana Partners LLC grew its position in Arcos Dorados by 24.5% in the 3rd quarter. Americana Partners LLC now owns 21,426 shares of the restaurant operator’s stock valued at $187,000 after buying an additional 4,222 shares in the last quarter. Van ECK Associates Corp grew its position in Arcos Dorados by 6.3% in the 3rd quarter. Van ECK Associates Corp now owns 876,300 shares of the restaurant operator’s stock valued at $7,852,000 after buying an additional 52,289 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Arcos Dorados in the 3rd quarter valued at about $698,000. Fiera Capital Corp bought a new position in Arcos Dorados in the 3rd quarter valued at about $3,743,000. Finally, Truxt Investmentos Ltda. acquired a new stake in Arcos Dorados in the 3rd quarter valued at about $1,872,000. Institutional investors own 55.91% of the company’s stock.

Arcos Dorados Company Profile

Arcos Dorados Holdings Inc operates as a franchisee of McDonald’s restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald’s restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.