Becle, S.A.B. de C.V. (OTCMKTS:BCCLF) Sees Significant Growth in Short Interest

Becle, S.A.B. de C.V. (OTCMKTS:BCCLFGet Rating) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 339,100 shares, an increase of 158.9% from the March 31st total of 131,000 shares. Based on an average daily trading volume, of 19,600 shares, the days-to-cover ratio is currently 17.3 days.

Separately, JPMorgan Chase & Co. upgraded Becle from a “neutral” rating to an “overweight” rating in a research report on Monday, February 21st.

Shares of BCCLF opened at $2.39 on Friday. The business has a fifty day moving average of $2.31 and a 200 day moving average of $2.35. Becle has a 52-week low of $1.86 and a 52-week high of $2.80.

About Becle (Get Rating)

Becle, SAB. de C.V. manufactures and distributes spirits and other distilled beverages in Mexico, the United States, Canada, and internationally. The company offers tequila under the 1800, Jose Cuervo Especial, Jose Cuervo Tradicional, Reserva de la Familia, Gran Centenario, and Maestro Dobel brand names; whiskey under the North American Whiskey, Stranahan's, Tincup, Pendleton, Irish Whiskey, Bushmills, and The Sexton brands; rum under the Kraken brand; and vodka under the Three Olives and Hangar 1 brand names.

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