Cost to borrow surged 1,505% in a week to 5.9%, while short interest fell 8.7% on April 22. Utilisation sits at just 6.2%, well below the 52-week high of 9.4%.
Short interest dropped to 682,545 shares on April 22, down 8.7% in one day. That followed a sharp 57% decline from early April's peak above 1 million shares. Over the past month, shorts increased their position by 6.7%, but recent days show capitulation. The official FINRA figure from March 31 put short interest at 781,485 shares with 2.15 days to cover. Current utilisation of 6.2% suggests ample borrow availability despite the sharp cost increase.
The put/call ratio sits at 0.32, above its 20-day average of 0.23. The PCR z-score is +0.53, indicating moderately elevated put buying. This follows a spike to 0.91 on April 21, the highest level in weeks. The 52-week range runs from 0.0 to 72.0, reflecting thin and volatile options activity. Recent PCR levels have trended higher after clustering below 0.20 through mid-April.
No analyst data is available in the snapshot. FMX receives limited Wall Street coverage, typical for Mexican beverage conglomerate ADRs. Investors will focus on operational results and currency impacts in the Q1 print.
FMX last reported on February 25, 2026. The stock is up 10.4% in the past month and closed at $113.62 on April 23, up 1.8% on the day. The one-week pullback of 2.9% suggests some profit-taking ahead of earnings.
No active ORTEX Alpha signals. The short score stands at 31.5, up modestly from 30.0 in mid-April, placing FMX in the lower-middle tier of short intensity.
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