Ambev S.A. (NYSE:ABEV – Get Free Report) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 5,630,000 shares, a drop of 33.7% from the November 30th total of 8,490,000 shares. Based on an average trading volume of 11,310,000 shares, the short-interest ratio is currently 0.5 days.
Institutional Trading of Ambev
Several institutional investors and hedge funds have recently bought and sold shares of ABEV. Raymond James & Associates raised its position in Ambev by 37.0% in the 1st quarter. Raymond James & Associates now owns 1,039,250 shares of the company’s stock valued at $3,357,000 after purchasing an additional 280,753 shares during the last quarter. Bank of New York Mellon Corp raised its position in Ambev by 7.5% in the 1st quarter. Bank of New York Mellon Corp now owns 3,788,023 shares of the company’s stock valued at $12,235,000 after…
