What Will Happen to Ambev S.A. American Depositary Shares (each Repres (NYSE:ABEV) Next? The Stock Has Increase in Shorts

Ambev S.A. (NYSE:ABEV) Logo

The stock of Ambev S.A. American Depositary Shares (each Repres (NYSE:ABEV) registered an increase of 5.9% in short interest. ABEV’s total short interest was 27.56M shares in July as published by FINRA. Its up 5.9% from 26.02 million shares, reported previously. With 45.44 million shares average volume, it will take short sellers 1 days to cover their ABEV’s short positions. The short interest to Ambev S.A. American Depositary Shares (each Repres’s float is 0.63%.

The stock decreased 2.22% or $0.11 during the last trading session, reaching $4.84. About 46.66 million shares traded or 86.26% up from the average. Ambev S.A. (NYSE:ABEV) has declined 28.95% since July 14, 2018 and is downtrending. It has underperformed by 33.38% the S&P500.

Ambev S.A., through its subsidiaries, produces, distributes, and sells beer, draft beer, soft drinks, other non-alcoholic beverages, malt, and food in the Americas. The company has market cap of $76.37 billion. The firm operates through Latin America North, Latin America South, and Canada divisions. It has a 27.5 P/E ratio. It offers beers primarily under the Skol, Brahma, Quilmes Cristal, Stella Artois, Paceña, Taquiña, Huari, Antarctica Becker, Beck, Leffe, Corona, Báltica, Pilsen, Patricia, Presidente, Brahma Light, President Light, Bohemia, The One, Becker, Bud Light, Ouro Fino, Modelo Especial, Brahva, Brahva Gold, Extra, Hoegaarden, and Budweiser brands.

More notable recent Ambev S.A. (NYSE:ABEV) news were published by: Finance.Yahoo.com which released: “Here’s What Hedge Funds Think About Ambev SA (ABEV) – Yahoo Finance” on June 25, 2019, also Zacks.com with their article: “Ambev (ABEV) Upgraded to Buy: Here’s Why – Zacks.com” published on April 11, 2019, Seekingalpha.com published: “More Upside For Brazil Stocks As iBovespa Breaks Above 100,000 – Seeking Alpha” on June 24, 2019. More interesting news about Ambev S.A. (NYSE:ABEV) were released by: Finance.Yahoo.com and their article: “5 Hot Marijuana Stocks as Beer Companies Shop for an Acquisition – Yahoo Finance” published on June 26, 2018 as well as Seekingalpha.com‘s news article titled: “Ambev – Companhia de Bebidas das Americas (ABEV) CEO Bernardo Paiva on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” with publication date: February 28, 2019.

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