Ambev S.A. American Depositary Shares (each Repres (NYSE:ABEV) Shorts Rose By 31.85%

Ambev S.A. (NYSE:ABEV) Corporate Logo

It was recorded an increase on Ambev S.A. American Depositary Shares (each Repres (NYSE:ABEV)’s shorted shares with 31.85%. FINRA issued in December ABEV’s total 24.82M shorted shares. That’s 31.85% up from 18.83 million shares. With Average volume 33.32 million, ABEV’s previous position will take 1 days to restore. Ambev S.A. American Depositary Shares (each Repres’s shorted shares float is 0.57%.

The stock decreased 2.16% or $0.09 during the last trading session, touching $4.08.Currently Ambev S.A. is downtrending after 33.23% change in last December 8, 2017. ABEV has also 19.31M shares volume. The stock underperformed the S&P 500 by 48.85%.

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 firm is worth $65.19 billion. The firm operates through Latin America North, Latin America South, and Canada divisions.23.18 is the 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.

Ambev S.A. (NYSE:ABEV) Ratings Coverage

In total 3 analysts cover Ambev SA (NYSE:ABEV). “Buy” rating has 1, “Sell” are 1, while 1 are “Hold”. 33% are bullish. 3 are the (NYSE:ABEV)’s analyst reports since June 18, 2018 according to StockzIntelligence Inc. The stock rating was downgraded by Bank of America to “Underperform” on Thursday, October 25. The stock rating was upgraded by Barclays Capital to “Overweight” on Friday, July 27. On Monday, June 18 the firm has “Hold” rating by J.P. Morgan given.

Another two news for Ambev S.A. (NYSE:ABEV) were briefly released by: Globenewswire.com on November 27, 2018 with title “New Research: Key Drivers of Growth for CalAmp, Infinera, Ambev SA, Calumet Specialty Products Partners, Proto Labs, and Barrett Business Services — Factors of Influence, Major Initiatives and Sustained Production – GlobeNewswire”. The other Benzinga.com‘s article was titled “Barclays Turns Bullish On AmBev’s Story (NYSE:ABEV) – Benzinga” and released on July 27, 2018.

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