Can Arcos Dorados Holdings Inc Class A Shares (NYSE:ARCO)’s Tomorrow be Different? The Stock Had Increase in Shorts

September 16, 2018 - By Robert Reynolds

Arcos Dorados Holdings Inc. (NYSE:ARCO) Logo

The stock of Arcos Dorados Holdings Inc Class A Shares (NYSE:ARCO) registered an increase of 32.69% in short interest. ARCO’s total short interest was 2.20M shares in September as published by FINRA. Its up 32.69% from 1.65 million shares, reported previously. With 1.00M shares average volume, it will take short sellers 2 days to cover their ARCO’s short positions. The short interest to Arcos Dorados Holdings Inc Class A Shares’s float is 1.77%.

The stock decreased 0.81% or $0.05 during the last trading session, reaching $6.1. About 1.71 million shares traded or 131.96% up from the average. Arcos Dorados Holdings Inc. (NYSE:ARCO) has declined 35.23% since September 16, 2017 and is downtrending. It has underperformed by 50.85% the S&P500.

Arcos Dorados Holdings Inc. operates as a franchisee of McDonald’s restaurants. The company has market cap of $1.29 billion. 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, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S. It has a 13.65 P/E ratio. Virgin Islands of St.

More news for Arcos Dorados Holdings Inc. (NYSE:ARCO) were recently published by: Seekingalpha.com, which released: “Restaurant sales increase against hurricane-impacted comparison” on September 07, 2018. 247Wallst.com‘s article titled: “Merrill Lynch Has 5 Stocks Rated Buy Under $10 With Massive Upside Potential” and published on September 15, 2018 is yet another important article.

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