Embotelladora Andina SA ADR Series B (NYSE:AKO.B) Short Interest Down 56.0% in March

Embotelladora Andina SA ADR Series B (NYSE:AKO.B) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totalling 7,000 shares, a decline of 56.0% from the February 27th total of 15,900 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 5,700 shares, the days-to-cover ratio is currently 1.2 days.

NYSE:AKO.B traded up $0.40 during trading hours on Thursday, hitting $12.50. 11,800 shares of the stock traded hands, compared to its average volume of 10,793. Embotelladora Andina SA ADR Series B has a 1 year low of $10.15 and a 1 year high of $22.99. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 7.96 and a beta of 0.19. The stock has a 50 day moving average price of $13.98 and a 200 day moving average price of $16.57.

AKO.B has been the topic of several analyst reports. ValuEngine downgraded shares of Embotelladora Andina SA ADR Series B from a “buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Zacks Investment Research raised shares of Embotelladora Andina SA ADR Series B from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Wednesday, March 18th.

About Embotelladora Andina SA ADR Series B

Embotelladora Andina SA, together with its subsidiaries, produces, markets, and distributes Coca-Cola soft drinks in Chile, Brazil, Argentina, and Paraguay. It also offers fruit-flavored beverages, juices, sports and energy drinks, ice tea, and bottled water. Embotelladora Andina SA was founded in 1946 and is headquartered in Santiago, Chile.

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