Short Interest in Becle, S.A.B. de C.V. (OTCMKTS:BCCLF) Declines By 18.1%

Becle, S.A.B. de C.V. (OTCMKTS:BCCLF) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 3,023,297 shares, a decline of 18.1% from the February 12th total of 3,693,219 shares. Based on an average daily volume of 19,276 shares, the days-to-cover ratio is currently 156.8 days. Based on an average daily volume of 19,276 shares, the days-to-cover ratio is currently 156.8 days.

Becle Price Performance

Shares of BCCLF opened at $0.86 on Monday. Becle has a 12-month low of $0.85 and a 12-month high of $1.45. The business’s 50 day moving average is $1.11 and its 200 day moving average is $1.14.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BCCLF. Santander raised shares of Becle to an “outperform” rating in a research note on Thursday, December 11th. Barclays reaffirmed an “overweight” rating on shares of Becle in a report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

About Becle

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.