Compañía Cervecerías Unidas S.A. (NYSE:CCU) Short Interest Down 21.3% in May

Compañía Cervecerías Unidas S.A. (NYSE:CCU - Get Free Report) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 574,500 shares, a drop of 21.3% from the April 30th total of 729,600 shares. Approximately 0.3% of the company's stock are short sold. Based on an average daily volume of 258,300 shares, the short-interest ratio is currently 2.2 days.

Compañía Cervecerías Unidas Stock Performance

NYSE CCU traded down $0.25 on Thursday, hitting $13.55. 205,981 shares of the company's stock traded hands, compared to its average volume of 187,457. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80. The firm's 50-day moving average price is $14.61 and its two-hundred day moving average price is $13.27. Compañía Cervecerías Unidas has a 1-year low of $10.00 and a 1-year high of $15.75. The firm has a market capitalization of $2.50 billion, a PE ratio of 18.07, a P/E/G ratio of 2.69 and a beta of 0.74.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CCU shares. Wall Street Zen downgraded shares of Compañía Cervecerías Unidas from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 9th. Scotiabank downgraded shares of Compañía Cervecerías Unidas from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

Several large investors have recently made changes to their positions in the company. Naples Global Advisors LLC lifted its stake in shares of Compañía Cervecerías Unidas by 3.3% in the 1st quarter. Naples Global Advisors LLC now owns 31,200 shares of the company's stock valued at $474,000 after purchasing an additional 1,000 shares during the period. GAMMA Investing LLC grew its holdings in shares of Compañía Cervecerías Unidas by 67.1% during the first quarter. GAMMA Investing LLC now owns 2,600 shares of the company's stock worth $40,000 after buying an additional 1,044 shares in the last quarter. Fielder Capital Group LLC grew its holdings in shares of Compañía Cervecerías Unidas by 24.3% during the first quarter. Fielder Capital Group LLC now owns 12,636 shares of the company's stock worth $192,000 after buying an additional 2,467 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Compañía Cervecerías Unidas by 13.4% in the first quarter. Blue Trust Inc. now owns 24,252 shares of the company's stock valued at $369,000 after purchasing an additional 2,863 shares during the period. Finally, Ballentine Partners LLC grew its holdings in shares of Compañía Cervecerías Unidas by 32.1% in the first quarter. Ballentine Partners LLC now owns 13,533 shares of the company's stock valued at $206,000 after purchasing an additional 3,286 shares during the period. 24.07% of the stock is currently owned by institutional investors and hedge funds.

About Compañía Cervecerías Unidas

Compañía Cervecerías Unidas SA operates as a beverage company in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. The company operates through three segments: Chile, International Business, and Wine. It produces and sells alcoholic and non-alcoholic beer under proprietary and licensed brands, as well as distributes Pernod Ricard products in non-supermarket retail stores.