Arcos Dorados Holdings Inc Class A Shares (NYSE:ARCO) Stock Is Shorted More

October 2, 2018 - By Ruchi Gupta

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 October 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 increased 0.47% or $0.03 during the last trading session, reaching $6.39. About 83,828 shares traded. Arcos Dorados Holdings Inc. (NYSE:ARCO) has declined 35.23% since October 2, 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 $1.35 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 14.3 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. Seekingalpha.com‘s article titled: “Wage pressure builds in restaurant sector” and published on September 20, 2018 is yet another important article.

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