Ambev S.A. (NYSE:ABEV) Short Interest Up 9.9% in November

Ambev S.A. (NYSE:ABEV) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 72,090,000 shares, an increase of 9.9% from the October 31st total of 65,590,000 shares. Based on an average trading volume of 24,730,000 shares, the days-to-cover ratio is presently 2.9 days. Currently, 0.5% of the company’s stock are short sold.

Ambev Trading Up 5.3 %

Shares of NYSE ABEV traded up $0.12 during midday trading on Tuesday, hitting $2.31. The company’s stock had a trading volume of 34,871,248 shares, compared to its average volume of 22,135,550. Ambev has a 12-month low of $2.01 and a 12-month high of $3.00. The business’s 50 day moving average is $2.27 and its two-hundred day moving average is $2.23. The firm has a market cap of $36.31 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 6.44 and a beta of 1.05. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Ambev in a research note on Friday, October 18th. They set a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Ambev presently has a consensus rating of “Moderate Buy” and a consensus price target of $2.70.

Hedge Funds Weigh In On Ambev

Large investors have recently made changes to their positions in the business. Prime Capital Investment Advisors LLC boosted its stake in shares of Ambev by 37.9% in the third quarter. Prime Capital Investment Advisors LLC now owns 17,685 shares of the company’s stock worth $43,000 after buying an additional 4,861 shares during the last quarter. National Bank of Canada FI increased its holdings in Ambev by 25.0% in the second quarter. National Bank of Canada FI now owns 24,489 shares of the company’s stock valued at $50,000 after buying an additional 4,900 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Ambev by 37.4% in the third quarter. UMB Bank n.a. now owns 18,324 shares of the company’s stock valued at $45,000 after purchasing an additional 4,984 shares during the period. Endowment Wealth Management Inc. boosted its stake in shares of Ambev by 26.1% in the second quarter. Endowment Wealth Management Inc. now owns 25,933 shares of the company’s stock valued at $53,000 after buying an additional 5,368 shares in the last quarter. Finally, PDS Planning Inc raised its position in Ambev by 18.4% during the third quarter. PDS Planning Inc now owns 34,870 shares of the company’s stock worth $85,000 after acquiring an additional 5,409 shares during the last quarter. 8.13% of the stock is owned by institutional investors and hedge funds.

Ambev Company Profile

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.