Pernod Ricard SA (OTCMKTS:PRNDY) Short Interest Up 1,550.6% in August

Pernod Ricard SA (OTCMKTS:PRNDY) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 181,779 shares, an increase of 1,550.6% from the August 15th total of 11,013 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 927,189 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Pernod Ricard from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Pernod Ricard Stock Performance

Pernod Ricard stock opened at $13.73 on Friday. The company has a quick ratio of 0.83, a current ratio of 2.33 and a debt-to-equity ratio of 0.72. Pernod Ricard has a 52-week low of $13.40 and a 52-week high of $21.66. The firm’s fifty day moving average is $15.12 and its 200 day moving average is $15.23.

Pernod Ricard Company Profile

Pernod Ricard is a France-based producer and distributor of wines and spirits. The company’s portfolio includes internationally recognized brands such as Absolut vodka, Jameson Irish whiskey, Chivas Regal, Ballantine’s and The Glenlivet Scotch whiskies, Martell cognac, Havana Club rum, Beefeater gin, Malibu, Mumm and Perrier-Jouët champagne, and Ricard anise-flavored aperitif.

The company sells its products through a broad global distribution network serving markets across Europe, North and South America, Asia-Pacific, Africa and other regions.