Short Interest in Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF) Declines By 65.7%

by · The Markets Daily

Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF – Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 430,065 shares, a decrease of 65.7% from the August 15th total of 1,254,641 shares. Based on an average trading volume of 20 shares, the days-to-cover ratio is currently 21,503.2 days.

Alsea Stock Performance

Shares of ALSSF opened at $2.58 on Friday. The business’s 50-day moving average is $2.43 and its 200-day moving average is $2.82. Alsea has a fifty-two week low of $2.24 and a fifty-two week high of $3.69.

Analysts Set New Price Targets

Separately, UBS Group lowered shares of Alsea to a “neutral” rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Check Out Our Latest Analysis on ALSSF

About Alsea

(Get Free Report)

Alsea SAB. de C.V., trading over the counter as ALSSF, is a leading operator of quick-service, casual-dining and café concepts across Latin America and Europe. Headquartered in Mexico City, the company holds master franchise and license rights for internationally known brands, overseeing day-to-day operations, supply-chain logistics and marketing for each restaurant concept.

The company’s portfolio includes quick-service staples such as Domino’s Pizza, Burger King and Starbucks, along with casual-dining and coffee shop formats like Vips, El Globo and Pe.Tra bakery cafés.

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