Ambev SA (NYSE:ABEV) Sellers Covered 12.09% of Their Shorts

The stock of Ambev SA (NYSE:ABEV) registered a decrease of 12.09% in short interest. ABEV’s total short interest was 18.24 million shares in April as published by FINRA. Its down 12.09% from 20.74 million shares, reported previously. With 21.29 million shares average volume, it will take short sellers 1 days to cover their ABEV’s short positions. The short interest to Ambev SA’s float is 0.31%. The stock increased 1.72% or $0.09 on April 14, hitting $5.33. Ambev SA (ADR) (NYSE:ABEV) has risen 5.96% since September 9, 2015 and is uptrending. It has underperformed by 1.28% the S&P500.

Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil firm engaged in the brewing sector. The company has a market cap of $83.77 billion. The Firm produces and sells beer, carbonated soft drinks and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. It has 6.75 P/E ratio. The Company’s activities are divided into three divisions: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as activities in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.

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