Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 70,700 shares, a drop of 88.5% from the December 15th total of 616,600 shares. Based on an average daily volume of 91,200 shares, the days-to-cover ratio is presently 0.8 days.
Shares of OTCMKTS EMBVF traded up $0.01 during mid-day trading on Wednesday, reaching $5.07. 50,000 shares of the company’s stock were exchanged, compared to its average volume of 29,475. The business has a fifty day simple moving average of $4.96 and a 200 day simple moving average of $4.60. Arca Continental has a twelve month low of $3.56 and a twelve month high of $5.86.
About Arca Continental
Arca Continental, SAB. de C.V., together with its subsidiaries, produces, distributes, and sells non-alcoholic beverages in Mexico, Peru, the United States, Argentina, and Ecuador. It operates through Beverages and Other segments. The company's products include cola, flavor soft, fruit/soy, and energy/sports drinks; water; tea; sugar/candies; coffee; ice cream snow/cones; yogurt/cream cheese; potato, plantain, and tortilla chips; corn puffs, popcorn, pork rinds, peanuts/seeds, sauces/dips, and baked goods; other carbonated and non-carbonated, and dairy beverages.
Further Reading: Momentum Investing
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