Short Interest in Arcos Dorados Holdings Inc. (NYSE:ARCO) Declines By 29.9%

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

Arcos Dorados Price Performance

NYSE ARCO traded up $0.12 on Wednesday, reaching $7.73. The company’s stock had a trading volume of 161,302 shares, compared to its average volume of 1,293,306. Arcos Dorados has a twelve month low of $7.02 and a twelve month high of $12.00. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. The stock has a market cap of $1.63 billion, a PE ratio of 11.04 and a beta of 1.13. The firm’s 50 day moving average is $7.72 and its two-hundred day moving average is $8.33.

Institutional Investors Weigh In On Arcos Dorados

A number of institutional investors and hedge funds have recently bought and sold shares of ARCO. Spire Wealth Management lifted its stake in Arcos Dorados by 27.2% during the fourth quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator’s stock valued at $52,000 after buying an additional 1,540 shares in the last quarter. Navellier & Associates Inc. lifted its stake in Arcos Dorados by 8.3% during the fourth quarter. Navellier & Associates Inc. now owns 22,258 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 1,700 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Arcos Dorados by 17.5% during the fourth quarter. Bank of New York Mellon Corp now owns 12,272 shares of the restaurant operator’s stock valued at $89,000 after buying an additional 1,830 shares in the last quarter. Diligent Investors LLC lifted its stake in Arcos Dorados by 3.3% during the fourth quarter. Diligent Investors LLC now owns 72,478 shares of the restaurant operator’s stock valued at $528,000 after buying an additional 2,317 shares in the last quarter. Finally, Freedom Investment Management Inc. lifted its stake in Arcos Dorados by 10.6% during the fourth quarter. Freedom Investment Management Inc. now owns 35,689 shares of the restaurant operator’s stock valued at $260,000 after buying an additional 3,427 shares in the last quarter. 55.91% of the stock is owned by institutional investors and hedge funds.

About Arcos Dorados

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.