Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) Sees Large Decline in Short Interest

Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) was the recipient of a significant decrease in short interest during 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 trading volume of 2,401 shares, the days-to-cover ratio is presently 905.3 days.

Arca Continental Price Performance

Shares of Arca Continental stock remained flat at $11.17 on Tuesday. The stock had a trading volume of 332 shares, compared to its average volume of 5,148. The company has a fifty day moving average of $11.66 and a 200 day moving average of $11.84. Arca Continental has a one year low of $9.51 and a one year high of $13.10.

Wall Street Analysts Forecast Growth

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