Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) Short Interest Update

Arca Continental, S.A.B. de C.V. (OTCMKTS:EMBVF) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 2,173,523 shares, a decline of 36.0% from the July 15th total of 3,394,910 shares. Based on an average trading volume of 2,401 shares, the short-interest ratio is currently 905.3 days.

Arca Continental Price Performance

EMBVF opened at $11.17 on Wednesday. Arca Continental has a 12 month low of $9.51 and a 12 month high of $13.10. The firm’s fifty day simple moving average is $11.64 and its 200 day simple moving average is $11.84.

Analysts Set New Price Targets

EMBVF has been the subject of several recent analyst reports. Itau BBA Securities upgraded Arca Continental to an “outperform” rating in a report on Tuesday, April 28th. Barclays reiterated an “overweight” rating on shares of Arca Continental in a report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently 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.