Short Interest in Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF) Increases By 490.1%

Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 410,073 shares, an increase of 490.1% from the December 15th total of 69,495 shares. Based on an average daily trading volume, of 138 shares, the days-to-cover ratio is currently 2,971.5 days. Based on an average daily trading volume, of 138 shares, the days-to-cover ratio is currently 2,971.5 days.

Alsea Stock Performance

ALSSF opened at $3.00 on Tuesday. Alsea has a 1-year low of $1.89 and a 1-year high of $3.37. The company has a 50 day simple moving average of $2.71 and a two-hundred day simple moving average of $2.84.

Wall Street Analyst Weigh In

Separately, Barclays upgraded Alsea to an “overweight” rating in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

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.