Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) Short Interest Down 21.3% in March

Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 1,613,488 shares, a decrease of 21.3% from the March 15th total of 2,049,905 shares. Based on an average daily volume of 2,905 shares, the short-interest ratio is presently 555.4 days.

Arca Continental Trading Up 1.4%

EMBVF opened at $11.92 on Friday. Arca Continental has a twelve month low of $9.51 and a twelve month high of $12.52. The company’s 50-day moving average price is $11.67 and its two-hundred day moving average price is $10.88.

Wall Street Analysts Forecast Growth

Separately, Bradesco Corretora raised shares of Arca Continental to an “outperform” rating in a research report on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Arca Continental Company Profile

Arca Continental, established in 2001 through the merger of three Mexican Coca-Cola bottlers, is one of the world’s largest franchise bottlers affiliated with The Coca-Cola Company. Headquartered in Monterrey, Mexico, the company ranks among the top three Coca-Cola bottlers globally by volume and is publicly listed on the Mexican Stock Exchange, trading over-the-counter in the United States under the symbol EMBVF.

The company’s core operations encompass the production, bottling and distribution of a broad portfolio of ready-to-drink beverages.