AMBEV S A/S (ABEV) Short Interest Down 14.3% in November

AMBEV S A/S (NYSE:ABEV) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 18,748,329 shares, a drop of 14.3% from the October 31st total of 21,880,897 shares. Based on an average trading volume of 26,700,624 shares, the days-to-cover ratio is presently 0.7 days.

A number of hedge funds and other institutional investors have recently modified their holdings of ABEV. CIBC World Markets Inc. acquired a new position in AMBEV S A/S in the 3rd quarter valued at approximately $103,000. Sawtooth Solutions LLC acquired a new position in shares of AMBEV S A/S in the 3rd quarter valued at $104,000. One Wealth Advisors LLC acquired a new stake in AMBEV S A/S during the 3rd quarter worth $110,000. Henry James International Management Inc. acquired a new stake in AMBEV S A/S during the 3rd quarter worth $110,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in AMBEV S A/S by 184.4% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 34,750 shares of the company’s stock worth $159,000 after purchasing an additional 22,530 shares in the last quarter. Hedge funds and other institutional investors own 7.05% of the company’s stock.

ABEV opened at $4.27 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.82 and a current ratio of 1.02. The firm has a market capitalization of $67.04 billion, a PE ratio of 18.57, a PEG ratio of 2.08 and a beta of 0.54. AMBEV S A/S has a one year low of $3.86 and a one year high of $7.43.

Several research analysts have recently commented on ABEV shares. Bank of America lowered AMBEV S A/S from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $5.40 to $4.00 in a report on Thursday, October 25th. Zacks Investment Research raised AMBEV S A/S from a “sell” rating to a “hold” rating in a report on Friday, November 30th. ValuEngine upgraded AMBEV S A/S from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. JPMorgan Chase & Co. cut AMBEV S A/S from a “neutral” rating to an “underweight” rating in a research note on Thursday, October 25th. Finally, UBS Group cut AMBEV S A/S from a “buy” rating to a “sell” rating in a research report on Tuesday, October 2nd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.13.

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AMBEV S A/S Company Profile

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food in the Americas. It operates through Latin America North, Latin America South, and Canada segments. The company offers beer primarily under the Skol, Brahma, Antarctic, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.

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