Arcos Dorados Holdings Inc. (NYSE:ARCO) Sees Significant Drop in Short Interest

Arcos Dorados Holdings Inc. (NYSE:ARCO - Get Free Report) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 2,310,000 shares, a decline of 7.6% from the January 15th total of 2,500,000 shares. Based on an average daily volume of 1,400,000 shares, the short-interest ratio is presently 1.7 days. Currently, 1.9% of the shares of the company are sold short.

Arcos Dorados Stock Performance

Shares of NYSE ARCO traded down $0.10 during midday trading on Friday, hitting $8.39. The company's stock had a trading volume of 1,135,725 shares, compared to its average volume of 1,310,797. The stock has a fifty day moving average price of $7.65 and a 200 day moving average price of $8.44. Arcos Dorados has a one year low of $7.02 and a one year high of $12.13. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 11.98 and a beta of 1.13.

Institutional Trading of Arcos Dorados

Several hedge funds and other institutional investors have recently modified their holdings of ARCO. Price T Rowe Associates Inc. MD raised its position in shares of Arcos Dorados by 40.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,463,466 shares of the restaurant operator's stock valued at $98,015,000 after purchasing an additional 3,851,704 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Arcos Dorados by 96.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,280,985 shares of the restaurant operator's stock worth $23,886,000 after acquiring an additional 1,606,821 shares during the period. Emeth Value Capital LLC bought a new stake in Arcos Dorados during the 4th quarter worth approximately $11,190,000. Franklin Resources Inc. bought a new stake in Arcos Dorados during the 3rd quarter worth approximately $12,101,000. Finally, Managed Asset Portfolios LLC bought a new stake in Arcos Dorados during the 3rd quarter worth approximately $7,389,000. Institutional investors own 55.91% of the company's stock.

About Arcos Dorados

Arcos Dorados Holdings Inc operates as a franchisee of McDonald's restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.