Could Ambev SA (NYSE:ABEV) Skyrocket? The Stock Had Too Little Sellers

December 20, 2017 - By Adrian Mccoy

 Could Ambev SA (NYSE:ABEV) Skyrocket? The Stock Had Too Little Sellers

The stock of Ambev SA (NYSE:ABEV) registered a decrease of 3.92% in short interest. ABEV’s total short interest was 21.50M shares in December as published by FINRA. Its down 3.92% from 22.38M shares, reported previously. With 17.24M shares average volume, it will take short sellers 1 days to cover their ABEV’s short positions. The short interest to Ambev SA’s float is 0.36%.

The stock decreased 0.23% or $0.01 during the last trading session, reaching $6.2. About 7.71M shares traded. Ambev S.A. (NYSE:ABEV) has risen 10.52% since December 20, 2016 and is uptrending. It has underperformed by 6.18% 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 $103.72 billion. The firm operates through Latin America North, Latin America South, and Canada divisions. It has a 36.47 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

Among 6 analysts covering AmBev SA (NYSE:ABEV), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. AmBev SA has $8.5 highest and $4.90 lowest target. $6.72’s average target is 8.39% above currents $6.2 stock price. AmBev SA had 9 analyst reports since September 17, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, August 18. Barclays Capital maintained the shares of ABEV in report on Friday, July 28 with “Hold” rating. The company was maintained on Monday, October 10 by Goldman Sachs. Credit Suisse upgraded Ambev S.A. (NYSE:ABEV) on Tuesday, September 12 to “Outperform” rating. Barclays Capital reinitiated it with “Equal Weight” rating and $6 target in Thursday, November 3 report. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, October 27. The rating was upgraded by JP Morgan on Thursday, November 10 to “Overweight”.

More recent Ambev S.A. (NYSE:ABEV) news were published by: Gurufocus.com which released: “Seeking Value in Brazil: Ambev” on May 28, 2017. Also Marketwatch.com published the news titled: “Ambev SA ADR” on November 20, 2013. Investorplace.com‘s news article titled: “Ambev SA (ADR) (ABEV) Stock: Invest Without the Froth” with publication date: July 12, 2017 was also an interesting one.

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