Short Interest in Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) Rises By 92.7%

Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 3,394,910 shares, a growth of 92.7% from the June 30th total of 1,761,342 shares. Based on an average daily trading volume, of 14,237 shares, the days-to-cover ratio is presently 238.5 days.

Arca Continental Trading Down 1.1%

EMBVF traded down $0.13 during trading on Friday, hitting $11.30. 463 shares of the stock traded hands, compared to its average volume of 5,281. The firm has a 50-day moving average of $11.99 and a 200 day moving average of $11.83. Arca Continental has a 12-month low of $9.51 and a 12-month high of $13.10.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EMBVF shares. Barclays restated an “overweight” rating on shares of Arca Continental in a report 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, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Arca Continental Company Profile

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.