Short Interest in Royal Unibrew A/S (OTCMKTS:ROYUF) Declines By 85.4%

Royal Unibrew A/S (OTCMKTS:ROYUF) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 34,552 shares, a drop of 85.4% from the June 15th total of 236,123 shares. Based on an average trading volume of 103 shares, the short-interest ratio is presently 335.5 days.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Royal Unibrew A/S from a “buy” rating to a “hold” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group downgraded Royal Unibrew A/S from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Royal Unibrew A/S Stock Performance

Shares of OTCMKTS ROYUF remained flat at $70.00 during mid-day trading on Friday. The firm’s 50-day simple moving average is $65.62 and its 200 day simple moving average is $70.09. Royal Unibrew A/S has a 12-month low of $63.25 and a 12-month high of $70.00.

About Royal Unibrew A/S

Royal Unibrew A/S is a Denmark-based brewing and beverage group with its origins in the 1989 merger of regional breweries. Over the decades the company has built a diversified product portfolio encompassing beer, malt beverages, soft drinks, cider and water. Key beer brands include Royal, Faxe and Ceres, while its soft drink range features Faxe Kondi alongside a variety of flavored waters and energy drinks.

In beer, Royal Unibrew produces both traditional lagers and specialty craft-style brews.