Could Arcos Dorados Holdings Inc Class A Shares (NYSE:ARCO) See a Reversal After More Sellers Came In?

June 18, 2018 - By Vivian Park

Arcos Dorados Holdings Inc. (NYSE:ARCO) Logo

The stock of Arcos Dorados Holdings Inc Class A Shares (NYSE:ARCO) registered an increase of 60.26% in short interest. ARCO’s total short interest was 122,600 shares in June as published by FINRA. Its up 60.26% from 76,500 shares, reported previously. With 510,800 shares average volume, it will take short sellers 0 days to cover their ARCO’s short positions. The short interest to Arcos Dorados Holdings Inc Class A Shares’s float is 0.09%.

The stock decreased 3.38% or $0.25 during the last trading session, reaching $7.15. About 397,794 shares traded. Arcos Dorados Holdings Inc. (NYSE:ARCO) has declined 11.93% since June 18, 2017 and is downtrending. It has underperformed by 24.50% the S&P500.

Arcos Dorados Holdings Inc. operates as a franchisee of McDonald’s restaurants. The company has market cap of $1.51 billion. It has the exclusive right to own, operate, and grant franchises of McDonald’s restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S. It has a 16.94 P/E ratio. Virgin Islands of St.

More notable recent Arcos Dorados Holdings Inc. (NYSE:ARCO) news were published by: Seekingalpha.com which released: “Chain restaurant same-store sales flat in May” on June 08, 2018, also Streetinsider.com with their article: “After-Hours Stock Movers 05/22: (ARCO) (HEAR) (MET) Higher; (RRGB) (TCS) (URBN) Lower (more…)” published on May 22, 2018, Seekingalpha.com published: “Arcos Dorados +4.7% on $60M buyback announcement” on May 22, 2018. More interesting news about Arcos Dorados Holdings Inc. (NYSE:ARCO) were released by: Seekingalpha.com and their article: “Real problems for MELI and ARCO” published on June 07, 2018 as well as Fool.com‘s news article titled: “Why Arcos Dorados Stock Has Taken a 30% Haircut in the First Half of 2018” with publication date: June 14, 2018.

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