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

Ambev S.A. (NYSE:ABEV - Get Free Report) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 68,380,000 shares, a decline of 5.1% from the November 15th total of 72,090,000 shares. Based on an average daily trading volume, of 25,850,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 0.4% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Ambev in a research note on Friday, October 18th. They issued a "buy" rating for the company.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ABEV. Jane Street Group LLC lifted its position in shares of Ambev by 132.9% in the third quarter. Jane Street Group LLC now owns 1,976,147 shares of the company's stock worth $4,822,000 after buying an additional 1,127,719 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Ambev by 311.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 768,419 shares of the company's stock worth $1,575,000 after acquiring an additional 581,880 shares in the last quarter. Raymond James & Associates boosted its position in shares of Ambev by 154.0% during the 2nd quarter. Raymond James & Associates now owns 1,805,328 shares of the company's stock valued at $3,701,000 after acquiring an additional 1,094,629 shares during the last quarter. Seafarer Capital Partners LLC grew its holdings in shares of Ambev by 6.3% in the third quarter. Seafarer Capital Partners LLC now owns 30,069,000 shares of the company's stock valued at $73,368,000 after purchasing an additional 1,770,000 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Ambev by 32.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 1,067,893 shares of the company's stock valued at $2,606,000 after purchasing an additional 258,875 shares in the last quarter. Institutional investors own 8.13% of the company's stock.

Ambev Price Performance

ABEV traded up $0.04 during trading on Tuesday, reaching $2.13. 35,940,681 shares of the company traded hands, compared to its average volume of 19,794,787. Ambev has a 12-month low of $2.01 and a 12-month high of $3.00. The firm has a fifty day simple moving average of $2.24 and a 200 day simple moving average of $2.23. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. The company has a market cap of $33.48 billion, a P/E ratio of 11.53, a PEG ratio of 6.67 and a beta of 1.05.

Ambev Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, January 9th. Shareholders of record on Monday, December 23rd will be issued a $0.0414 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a yield of 1.93%. Ambev's dividend payout ratio is currently 66.67%.

About Ambev

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.