Pernod Ricard SA (OTCMKTS:PDRDF) Short Interest Update

Pernod Ricard SA (OTCMKTS:PDRDF) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 934,658 shares, an increase of 34.1% from the March 15th total of 696,762 shares. Based on an average daily volume of 9,459 shares, the short-interest ratio is presently 98.8 days.

Pernod Ricard Trading Down 2.8%

PDRDF opened at C$76.44 on Thursday. Pernod Ricard has a 52-week low of C$67.80 and a 52-week high of C$123.65. The business’s 50-day simple moving average is C$84.44 and its 200 day simple moving average is C$89.29.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BNP Paribas Exane lowered Pernod Ricard to an “underperform” rating in a report on Monday, January 12th. Morgan Stanley reiterated an “underweight” rating on shares of Pernod Ricard in a report on Wednesday, February 25th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Pernod Ricard has a consensus rating of “Sell”.

Pernod Ricard Company Profile

Pernod Ricard SA (OTCMKTS:PDRDF) is a French multinational company specializing in the production, distribution and marketing of wines and spirits. The company’s portfolio spans a broad range of premium brands, including whiskies such as Chivas Regal and The Glenlivet, cognacs under the Martell label, vodkas like Absolut, and tequilas including Olmeca. In addition to these core offerings, Pernod Ricard markets rosé and sparkling wines, liqueurs and ready-to-drink cocktails, positioning itself among the world’s leading producers in the beverage alcohol industry.

Formed in 1975 through the merger of Pernod and Ricard—two well-established French distillers—the organization has grown organically and through targeted acquisitions to extend its global footprint.