Short Interest in Ambev S.A. (NYSE:ABEV) Declines By 5.1%

Ambev S.A. (NYSE:ABEV) was the recipient 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. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 25,850,000 shares, the short-interest ratio is presently 2.6 days.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Ambev in a report on Friday, October 18th. They issued a “buy” rating on the stock.

Hedge Funds Weigh In On Ambev

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

Ambev Stock Down 4.7 %

Shares of ABEV stock opened at $2.02 on Thursday. Ambev has a twelve month low of $2.01 and a twelve month high of $3.00. The stock has a market cap of $31.82 billion, a P/E ratio of 11.22, a P/E/G ratio of 6.67 and a beta of 1.05. The stock has a 50 day moving average of $2.22 and a 200 day moving average of $2.23. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02.

Ambev Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, January 9th. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.0414 per share. This represents a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, December 23rd. Ambev’s dividend payout ratio (DPR) is 66.67%.

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.