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

Becle, S.A.B. de C.V. (OTCMKTS:BCCLF) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 823,905 shares, a decrease of 52.3% from the March 15th total of 1,728,173 shares. Based on an average daily volume of 27,784 shares, the days-to-cover ratio is presently 29.7 days.

Wall Street Analysts Forecast Growth

Separately, Barclays reissued an “overweight” rating on shares of Becle in a research report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Becle Price Performance

BCCLF stock opened at $0.91 on Friday. The stock has a 50-day moving average price of $0.98 and a two-hundred day moving average price of $1.11. Becle has a 12-month low of $0.83 and a 12-month high of $1.45.

Becle Company Profile

Becle, SAB. de C.V. (OTCMKTS:BCCLF) is a Mexican beverage company and the world’s leading producer of tequila. Through its principal subsidiary, Tequila Cuervo, the company engages in the distillation, aging, bottling and distribution of a portfolio of tequila and spirits brands. Its flagship products include the internationally recognized José Cuervo line of tequilas, alongside premium and super-premium offerings aimed at both on- and off-trade channels.

Founded on the foundations of the first licensed tequila distillery in Tequila, Jalisco, dating back to the 18th century, Becle has evolved into a multinational group with operations spanning Mexico, the United States and more than 90 countries worldwide.