Short Interest in Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF) Declines By 81.7%

Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 143,859 shares, a drop of 81.7% from the February 26th total of 784,034 shares. Based on an average daily trading volume, of 417 shares, the days-to-cover ratio is currently 345.0 days. Based on an average daily trading volume, of 417 shares, the days-to-cover ratio is currently 345.0 days.

Analysts Set New Price Targets

Separately, Barclays upgraded shares of Alsea to an “overweight” rating in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Alsea presently has a consensus rating of “Buy”.

Alsea Trading Down 1.5%

Shares of ALSSF stock opened at $3.25 on Wednesday. The company has a fifty day moving average price of $3.23 and a two-hundred day moving average price of $2.98. Alsea has a one year low of $1.99 and a one year high of $3.69.

Alsea Company Profile

Alsea SAB. de C.V., trading over the counter as ALSSF, is a leading operator of quick-service, casual-dining and café concepts across Latin America and Europe. Headquartered in Mexico City, the company holds master franchise and license rights for internationally known brands, overseeing day-to-day operations, supply-chain logistics and marketing for each restaurant concept.

The company’s portfolio includes quick-service staples such as Domino’s Pizza, Burger King and Starbucks, along with casual-dining and coffee shop formats like Vips, El Globo and Pe.Tra bakery cafés.