Ambev S.A. (NYSE:ABEV) Short Interest Update

Ambev S.A. (NYSE:ABEV) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 68,380,000 shares, a drop of 5.1% from the November 15th total of 72,090,000 shares. Based on an average trading volume of 25,850,000 shares, the short-interest ratio is currently 2.6 days. Approximately 0.4% of the company’s shares are sold short.

Ambev Stock Performance

Ambev stock opened at $2.08 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. Ambev has a 12 month low of $2.01 and a 12 month high of $3.00. The company has a market cap of $32.69 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 6.67 and a beta of 1.05. The stock’s 50-day moving average is $2.24 and its 200-day moving average is $2.23.

Ambev Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, January 9th. Shareholders of record on Monday, December 23rd will be given a dividend of $0.0414 per share. The ex-dividend date is Monday, December 23rd. This represents a yield of 1.93%. Ambev’s dividend payout ratio (DPR) is 72.22%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Ambev in a research note on Friday, October 18th. They set a “buy” rating on the stock.

Institutional Investors Weigh In On Ambev

Large investors have recently made changes to their positions in the business. MCIA Inc purchased a new stake in Ambev during the 3rd quarter worth $25,000. HTLF Bank acquired a new stake in shares of Ambev in the third quarter valued at about $26,000. Wealthstream Advisors Inc. purchased a new stake in shares of Ambev during the 3rd quarter valued at about $29,000. Riversedge Advisors LLC acquired a new position in Ambev during the 3rd quarter worth approximately $31,000. Finally, Foster Group Inc. purchased a new position in Ambev in the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Company Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.