Short Interest in Becle, S.A.B. de C.V. (OTCMKTS:BCCLF) Declines By 42.8%

Becle, S.A.B. de C.V. (OTCMKTS:BCCLF) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 1,728,173 shares, a drop of 42.8% from the February 26th total of 3,023,297 shares. Based on an average daily volume of 11,376 shares, the short-interest ratio is currently 151.9 days.

Analyst Ratings Changes

A number of brokerages have recently commented on BCCLF. Barclays reaffirmed an “overweight” rating on shares of Becle in a report on Tuesday, February 10th. Santander raised Becle to an “outperform” rating in a report on Thursday, December 11th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Becle Price Performance

Shares of OTCMKTS BCCLF traded up $0.05 during mid-day trading on Friday, hitting $0.88. 89,556 shares of the company were exchanged, compared to its average volume of 18,293. Becle has a 1-year low of $0.83 and a 1-year high of $1.45. The stock has a 50 day simple moving average of $1.04 and a 200-day simple moving average of $1.12.

About Becle

Becle, SAB. de C.V. (OTCMKTS:BCCLF) is a Mexican beverage company and the world’s leading producer of tequila. Through its principal subsidiary, Tequila Cuervo, the company engages in the distillation, aging, bottling and distribution of a portfolio of tequila and spirits brands. Its flagship products include the internationally recognized José Cuervo line of tequilas, alongside premium and super-premium offerings aimed at both on- and off-trade channels.

Founded on the foundations of the first licensed tequila distillery in Tequila, Jalisco, dating back to the 18th century, Becle has evolved into a multinational group with operations spanning Mexico, the United States and more than 90 countries worldwide.