Compania Cervecerias Unidas (NYSE:CCU) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,396,148 shares, a growth of 50.6% from the October 14th total of 927,074 shares. Based on an average daily volume of 304,468 shares, the days-to-cover ratio is currently 4.6 days.

A number of equities analysts have weighed in on CCU shares. Zacks Investment Research lowered shares of Compania Cervecerias Unidas from a “hold” rating to a “sell” rating in a research report on Friday, August 19th. TheStreet lowered shares of Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Citigroup Inc. lowered shares of Compania Cervecerias Unidas from a “buy” rating to a “neutral” rating and cut their price objective for the company from $25.50 to $24.50 in a research report on Monday, August 29th. Finally, JPMorgan Chase & Co. lowered shares of Compania Cervecerias Unidas from a “neutral” rating to an “underweight” rating in a research report on Wednesday, October 5th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $24.75.

Compania Cervecerias Unidas (NYSE:CCU) opened at 20.08 on Wednesday. Compania Cervecerias Unidas has a 52-week low of $18.78 and a 52-week high of $24.17. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 24.25 and a beta of 0.54. The stock has a 50 day moving average of $20.66 and a 200-day moving average of $21.66.

A number of institutional investors have recently modified their holdings of CCU. US Bancorp DE raised its position in shares of Compania Cervecerias Unidas by 43.5% in the third quarter. US Bancorp DE now owns 5,345 shares of the company’s stock worth $107,000 after buying an additional 1,619 shares during the period. Somerset Capital Management LLP acquired a new position in shares of Compania Cervecerias Unidas during the third quarter worth $227,000. KCG Holdings Inc. acquired a new position in shares of Compania Cervecerias Unidas during the third quarter worth $228,000. Morgan Stanley raised its position in shares of Compania Cervecerias Unidas by 1,043.2% in the third quarter. Morgan Stanley now owns 11,821 shares of the company’s stock worth $239,000 after buying an additional 10,787 shares during the period. Finally, World Asset Management Inc raised its position in shares of Compania Cervecerias Unidas by 8.0% in the third quarter. World Asset Management Inc now owns 12,360 shares of the company’s stock worth $250,000 after buying an additional 917 shares during the period. 14.59% of the stock is owned by institutional investors and hedge funds.

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Compania Cervecerias Unidas Company Profile

Compania Cervecerias Unidas SA is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company’s segments include Chile, International Business and Wine.

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