Compania Cervecerias Unidas, S.A. (NYSE:CCU) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 675,780 shares, a drop of 37.4% from the November 30th total of 1,079,636 shares. Based on an average daily trading volume, of 223,860 shares, the short-interest ratio is presently 3.0 days.
Separately, Zacks Investment Research downgraded shares of Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a report on Friday, September 15th.
Shares of Compania Cervecerias Unidas (CCU) opened at $29.57 on Friday. Compania Cervecerias Unidas has a 1-year low of $20.31 and a 1-year high of $30.35. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.13. The stock has a market cap of $5,490.00, a PE ratio of 25.49 and a beta of 0.27.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. purchased a new stake in Compania Cervecerias Unidas during the second quarter worth about $115,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Compania Cervecerias Unidas during the second quarter worth about $212,000. Dynamic Technology Lab Private Ltd purchased a new stake in Compania Cervecerias Unidas during the second quarter worth about $244,000. HighTower Advisors LLC purchased a new stake in Compania Cervecerias Unidas during the second quarter worth about $301,000. Finally, Susquehanna International Group LLP increased its holdings in Compania Cervecerias Unidas by 22.4% during the second quarter. Susquehanna International Group LLP now owns 19,100 shares of the company’s stock worth $501,000 after buying an additional 3,492 shares during the last quarter. Institutional investors and hedge funds own 13.61% of the company’s stock.
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Compania Cervecerias Unidas Company Profile
Compania Cervecerias Unidas SA is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company’s segments include Chile, International Business and Wine.
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