Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF – Get Free Report) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 3,394,910 shares, an increase of 92.7% from the June 30th total of 1,761,342 shares. Based on an average daily volume of 14,237 shares, the days-to-cover ratio is currently 238.5 days.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Barclays reiterated an “overweight” rating on shares of Arca Continental in a research note on Monday, May 4th. Itau BBA Securities raised Arca Continental to an “outperform” rating in a research note on Tuesday, April 28th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Arca Continental has a consensus rating of “Buy”.
Check Out Our Latest Report on EMBVF
Arca Continental Price Performance
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.
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