Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) Short Interest Down 21.3% in March

Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 1,613,488 shares, a decrease of 21.3% from the March 15th total of 2,049,905 shares. Based on an average trading volume of 2,905 shares, the days-to-cover ratio is presently 555.4 days.

Arca Continental Price Performance

Shares of OTCMKTS EMBVF opened at $11.75 on Friday. Arca Continental has a 12-month low of $9.51 and a 12-month high of $12.52. The stock’s 50 day simple moving average is $11.67 and its 200 day simple moving average is $10.87.

Analyst Ratings Changes

Separately, Bradesco Corretora upgraded Arca Continental to an “outperform” rating in a research note on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

About Arca Continental

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.