Bears are leaving shares of the parent company of Modelo and Corona beer ahead of earnings

Constellation Brands shares are rising and there is reason to believe the upward momentum will continue after the parent company of the Modelo and Corona beer brands, Kim Crawford wines and Svedka vodka, reports second-quarter financial results before Thursday’s opening bell.

S3 Partners said short interest, or bearish bets, in Constellation Brands stock are falling in anticipation of earnings, indicating the trend is up.

“Historically, reduced short interest is correlated with sustained growth momentum following earnings announcements,” the S3 research team wrote in a note to clients.