Short Interest in Heineken NV (OTCMKTS:HEINY) Drops By 73.6%

Heineken NV (OTCMKTS:HEINY) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 58,199 shares, a drop of 73.6% from the August 15th total of 220,345 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 153,798 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

HEINY has been the subject of a number of analyst reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of Heineken in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Heineken in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Heineken Trading Down 1.1%

Shares of OTCMKTS HEINY traded down $0.44 on Friday, hitting $40.79. The company’s stock had a trading volume of 92,062 shares, compared to its average volume of 79,465. Heineken has a 12-month low of $37.03 and a 12-month high of $47.63. The company has a quick ratio of 0.69, a current ratio of 0.93 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average of $43.28 and a 200-day moving average of $41.27.

Heineken Company Profile

Heineken N.V. is a Netherlands-based brewing company headquartered in Amsterdam. Founded in 1864 by Gerard Adriaan Heineken, the company has grown into one of the world’s largest international brewers and operates breweries, production facilities and commercial organizations across numerous markets.

The company’s portfolio includes Heineken, Heineken 0.0, Amstel, Birra Moretti, Sol, Tiger, Strongbow and Desperados, among other regional and specialty brands. In addition to beer, Heineken produces and markets cider, alcohol-free beverages and other drinks, with products sold through retail, hospitality and other distribution channels.

Heineken serves consumers across Europe, the Americas, Africa, the Middle East and Asia-Pacific.