Short Interest in Becle, S.A.B. de C.V. (OTCMKTS:BCCLF) Declines By 22.3%

Becle, S.A.B. de C.V. (OTCMKTS:BCCLF) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 5,296,036 shares, a decrease of 22.3% from the December 31st total of 6,816,913 shares. Based on an average daily volume of 20,056 shares, the days-to-cover ratio is presently 264.1 days. Based on an average daily volume of 20,056 shares, the days-to-cover ratio is presently 264.1 days.

Becle Price Performance

BCCLF stock opened at $1.07 on Friday. The firm’s fifty day simple moving average is $1.16 and its 200-day simple moving average is $1.17. Becle has a 12 month low of $0.75 and a 12 month high of $1.45.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays upgraded shares of Becle to an “overweight” rating in a research note on Tuesday, December 2nd. Santander raised Becle to an “outperform” rating in a research report on Thursday, December 11th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

About Becle

Becle, SAB. de C.V. (OTCMKTS:BCCLF) is a Mexican beverage company and the world’s leading producer of tequila. Through its principal subsidiary, Tequila Cuervo, the company engages in the distillation, aging, bottling and distribution of a portfolio of tequila and spirits brands. Its flagship products include the internationally recognized José Cuervo line of tequilas, alongside premium and super-premium offerings aimed at both on- and off-trade channels.

Founded on the foundations of the first licensed tequila distillery in Tequila, Jalisco, dating back to the 18th century, Becle has evolved into a multinational group with operations spanning Mexico, the United States and more than 90 countries worldwide.