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

Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,942,167 shares, an increase of 27.9% from the January 15th total of 1,517,972 shares. Based on an average daily volume of 7,656 shares, the short-interest ratio is currently 253.7 days. Based on an average daily volume of 7,656 shares, the short-interest ratio is currently 253.7 days.

Arca Continental Stock Up 1.7%

Shares of OTCMKTS:EMBVF traded up $0.20 during trading on Monday, hitting $12.15. 629 shares of the company traded hands, compared to its average volume of 2,451. The business’s fifty day moving average is $11.12 and its 200-day moving average is $10.49. Arca Continental has a one year low of $9.35 and a one year high of $12.22.

Wall Street Analyst Weigh In

Separately, Bradesco Corretora raised Arca Continental to an “outperform” rating in a research report on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Arca Continental currently 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.