Short Interest in Ambev S.A. (NYSE:ABEV) Increases By 143.3%

Ambev S.A. ( NYSE:ABEV – Get Free Report ) saw a significant increase in short interest in September.

As of September 15th, there was short interest totalling 41,290,000 shares, an increase of 143.3% from the August 31st total of 16,970,000 shares. Approximately 0.



3% of the shares of the company are short sold. Based on an average trading volume of 24,910,000 shares, the days-to-cover ratio is currently 1.7 days.

Analyst Ratings Changes A number of analysts have recently commented on ABEV shares. StockNews.com cut Ambev from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th.

UBS Group cut their price objective on Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research report on Wednesday, July 31st.

Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Ambev presently has a consensus rating of “Hold” and an average target price of $2.

75. Read Our Latest Analysis on ABEV Institutional Trading of Ambev Ambev Stock Up 1.7 % Shares of ABEV opened at $2.

40 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.

78 and a current ratio of 1.11. Ambev has a one year low of $2.

01 and a one year high of $3.00. The stock has a market capitalization of $37.

81 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 5.23 and a beta of 1.

05. The stock has a 50 day moving average price of $2.28 and a 200 day moving average price of $2.

28. Ambev ( NYSE:ABEV – Get Free Report ) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.

03 EPS for the quarter, hitting the consensus estimate of $0.03. Ambev had a return on equity of 16.

94% and a net margin of 17.93%. The firm had revenue of $3.

85 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same period in the previous year, the business earned $0.

03 earnings per share. Equities research analysts forecast that Ambev will post 0.17 earnings per share for the current fiscal year.

About Ambev ( Get Free Report ) 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. Read More Receive News & Ratings for Ambev Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambev and related companies with MarketBeat.

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