Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) Short Interest Up 27.9% in January

Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,942,167 shares, an increase of 27.9% from the January 15th total of 1,517,972 shares. Based on an average trading volume of 7,656 shares, the short-interest ratio is currently 253.7 days. Based on an average trading volume of 7,656 shares, the short-interest ratio is currently 253.7 days.

Arca Continental Stock Performance

OTCMKTS:EMBVF opened at $12.33 on Wednesday. Arca Continental has a fifty-two week low of $9.35 and a fifty-two week high of $12.39. The firm has a 50-day simple moving average of $11.20 and a two-hundred day simple moving average of $10.51.

Analysts Set New Price Targets

Separately, Bradesco Corretora upgraded shares of Arca Continental to an “outperform” rating in a report on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

About Arca Continental

Arca Continental, established in 2001 through the merger of three Mexican Coca-Cola bottlers, is one of the world’s largest franchise bottlers affiliated with The Coca-Cola Company. Headquartered in Monterrey, Mexico, the company ranks among the top three Coca-Cola bottlers globally by volume and is publicly listed on the Mexican Stock Exchange, trading over-the-counter in the United States under the symbol EMBVF.

The company’s core operations encompass the production, bottling and distribution of a broad portfolio of ready-to-drink beverages.