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

Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 143,859 shares, a drop of 81.7% from the February 26th total of 784,034 shares. Based on an average trading volume of 417 shares, the short-interest ratio is currently 345.0 days. Based on an average trading volume of 417 shares, the short-interest ratio is currently 345.0 days.

Analyst Upgrades and Downgrades

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

Alsea Price Performance

ALSSF stock traded down $0.05 during mid-day trading on Tuesday, hitting $3.25. The stock had a trading volume of 1,300 shares, compared to its average volume of 3,446. The firm has a fifty day simple moving average of $3.22 and a 200 day simple moving average of $2.98. Alsea has a 52 week low of $1.99 and a 52 week high of $3.69.

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.