Arcos Dorados Holdings Inc. (NYSE:ARCO) Short Interest Update

Arcos Dorados Holdings Inc. (NYSE:ARCO) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 1,620,000 shares, a drop of 29.9% from the January 31st total of 2,310,000 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average trading volume of 1,370,000 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its stake in shares of Arcos Dorados by 40.1% during 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 valued at $23,886,000 after buying an additional 1,606,821 shares during the period. Emeth Value Capital LLC bought a new stake in shares of Arcos Dorados during the 4th quarter worth about $11,190,000. Franklin Resources Inc. acquired a new stake in shares of Arcos Dorados in the 3rd quarter worth approximately $12,101,000. Finally, Managed Asset Portfolios LLC bought a new position in shares of Arcos Dorados in the third quarter valued at approximately $7,389,000. Institutional investors and hedge funds own 55.91% of the company’s stock.

Arcos Dorados Stock Performance

Shares of ARCO traded down $0.07 during mid-day trading on Monday, reaching $7.58. 941,966 shares of the company’s stock traded hands, compared to its average volume of 1,323,987. Arcos Dorados has a 12 month low of $7.02 and a 12 month high of $12.00. The stock has a market capitalization of $1.60 billion, a P/E ratio of 10.83 and a beta of 1.13. The business’s 50-day moving average price is $7.71 and its 200-day moving average price is $8.35. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63.

Arcos Dorados Company Profile

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.