Brf Brasil Foods SA (NYSE:BRFS) Shorted Shares Increased 28.25% After Market Selling

June 19, 2017 - By Vivian Currie

 Brf Brasil Foods SA (NYSE:BRFS) Shorted Shares Increased 28.25% After Market Selling

The stock of Brf Brasil Foods SA (NYSE:BRFS) registered an increase of 28.25% in short interest. BRFS’s total short interest was 6.04M shares in June as published by FINRA. Its up 28.25% from 4.71 million shares, reported previously. With 2.64 million shares average volume, it will take short sellers 2 days to cover their BRFS’s short positions. The short interest to Brf Brasil Foods SA’s float is 0.97%.

About 119,226 shares traded. BRF SA (ADR) (NYSE:BRFS) has declined 2.88% since June 19, 2016 and is downtrending. It has underperformed by 19.58% the S&P500.

BRF S.A. is a multinational Brazilian firm that owns a diverse portfolio of products and is a producer of foods. The company has market cap of $9.89 billion. The Company’s divisions include Brazil, Latin America , Europe, Middle East and North of Africa (MENA), Asia, Africa and Other Segments. It currently has negative earnings. These divisions include sales of all distribution channels and activities subdivided in to poultry, pork and other, processed, and other sales.

BRF SA (ADR) (NYSE:BRFS) Ratings Coverage

Among 6 analysts covering BRF S.A. (NYSE:BRFS), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. BRF S.A. had 10 analyst reports since September 16, 2015 according to SRatingsIntel. The stock of BRF SA (ADR) (NYSE:BRFS) has “Neutral” rating given on Monday, January 9 by JP Morgan. Citigroup upgraded the stock to “Buy” rating in Thursday, October 8 report. The stock has “Sell” rating by Goldman Sachs on Monday, October 5. The company was downgraded on Friday, October 30 by Bank of America. The firm has “Buy” rating given on Friday, January 29 by Deutsche Bank. On Friday, May 26 the stock rating was maintained by Bank of America with “Buy”. The firm earned “Neutral” rating on Wednesday, September 16 by JP Morgan. On Tuesday, May 31 the stock rating was upgraded by JP Morgan to “Overweight”.

More notable recent BRF SA (ADR) (NYSE:BRFS) news were published by: Marketwatch.com which released: “12.32” on December 22, 2009, also Benzinga.com with their article: “Is Brazil’s Investment Climate Improving? BRF SA Stands To Benefit” published on July 19, 2016, Seekingalpha.com published: “2 Rotten Meat And Deforestation Scandals Impact JBS’s And BRF’s USD 2.5 …” on April 03, 2017. More interesting news about BRF SA (ADR) (NYSE:BRFS) were released by: Investorplace.com and their article: “Why BRF SA (ADR) (BRFS), Snap Inc (SNAP) and Amgen, Inc. (AMGN) Are 3 of Today …” published on March 17, 2017 as well as Seekingalpha.com‘s news article titled: “BRF’s Operating Margin May Limit Free Cash Flow Growth” with publication date: December 15, 2015.

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