Ambev S.A. (NYSE:ABEV) Short Interest Update

Ambev S.A. (NYSE:ABEV) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 72,090,000 shares, a growth of 9.9% from the October 31st total of 65,590,000 shares. Based on an average daily volume of 24,730,000 shares, the short-interest ratio is currently 2.9 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Cetera Advisors LLC bought a new position in Ambev during the first quarter worth $156,000. Transcend Capital Advisors LLC bought a new stake in shares of Ambev during the 2nd quarter worth $46,000. Moody National Bank Trust Division acquired a new stake in shares of Ambev in the 2nd quarter valued at approximately $62,000. Foundation Resource Management Inc. boosted its position in Ambev by 141.5% in the second quarter. Foundation Resource Management Inc. now owns 6,833,061 shares of the company’s stock valued at $14,008,000 after buying an additional 4,003,433 shares in the last quarter. Finally, CHICAGO TRUST Co NA bought a new stake in Ambev during the 2nd quarter worth $129,000. 8.13% of the stock is owned by institutional investors and hedge funds.

Ambev Stock Down 1.3 %

Shares of NYSE ABEV traded down $0.03 during midday trading on Wednesday, reaching $2.28. The company’s stock had a trading volume of 24,437,897 shares, compared to its average volume of 19,280,533. The stock has a 50 day simple moving average of $2.27 and a 200-day simple moving average of $2.23. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. Ambev has a fifty-two week low of $2.01 and a fifty-two week high of $3.00. The stock has a market capitalization of $35.92 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 6.44 and a beta of 1.05.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Ambev in a research report on Friday, October 18th. They set a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $2.70.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.