The stock of Arcos Dorados Holdings Incorporated (NYSE:ARCO) registered a decrease of 48.75% in short interest. ARCO’s total short interest was 2.34 million shares in April as published by FINRA. Its down 48.75% from 4.56 million shares, reported previously. With 904,700 shares average volume, it will take short sellers 3 days to cover their ARCO’s short positions. The short interest to Arcos Dorados Holdings Incorporated’s float is 1.85%. The stock is up 0.28% or $0.01 after the news, hitting $3.54 per share. About 72,684 shares traded hands. Arcos Dorados Holding Inc (NYSE:ARCO) has declined 9.49% since August 28, 2015 and is downtrending. It has underperformed by 12.32% the S&P500.
Arcos Dorados Holdings Inc. is a McDonald’s franchisee. The company has a market cap of $760.39 million. The Company, through its wholly owned and majority owned subsidiaries, operates and franchises McDonald’s restaurants in the food service industry. It currently has negative earnings. The Firm manages its business as distinct geographic divisions and its activities are divided into four geographical divisions: the Brazil; the Caribbean division, consisting of Aruba, Curacao, Colombia, French Guyana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas and Venezuela; the North Latin America division , consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay.
Out of 5 analysts covering Arcos Dorados Holdings Inc. (NYSE:ARCO), 1 rate it “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. Arcos Dorados Holdings Inc. was the topic in 2 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Citigroup upgraded the stock on December 7 to “Neutral” rating.
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