Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF) Short Interest Down 57.8% in December

Alsea, S.A.B. de C.V. (OTCMKTS:ALSSF) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 69,495 shares, a decline of 57.8% from the November 30th total of 164,722 shares. Based on an average daily trading volume, of 87 shares, the short-interest ratio is currently 798.8 days. Based on an average daily trading volume, of 87 shares, the short-interest ratio is currently 798.8 days.

Analysts Set New Price Targets

Separately, Barclays raised Alsea to an “overweight” rating in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Alsea has a consensus rating of “Buy”.

Alsea Stock Performance

Shares of ALSSF stock opened at $2.80 on Friday. Alsea has a 52-week low of $1.89 and a 52-week high of $3.37. The firm has a fifty day moving average of $2.68 and a 200-day moving average of $2.81.

Alsea Company Profile

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.