Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) Short Interest Update

Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 865,877 shares, a drop of 17.5% from the November 30th total of 1,050,157 shares. Based on an average daily volume of 6,631 shares, the short-interest ratio is currently 130.6 days. Based on an average daily volume of 6,631 shares, the short-interest ratio is currently 130.6 days.

Arca Continental Trading Up 1.0%

OTCMKTS EMBVF traded up $0.11 during trading hours on Wednesday, reaching $10.98. 2,002 shares of the company traded hands, compared to its average volume of 7,482. Arca Continental has a 12 month low of $8.25 and a 12 month high of $11.23. The company has a 50 day moving average of $10.18 and a two-hundred day moving average of $10.26.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of Arca Continental to a “buy” rating in a research report on Tuesday, September 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus 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.