Heineken NV (OTCMKTS:HEINY) Sees Significant Decrease in Short Interest

Heineken NV (OTCMKTS:HEINY) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 111,708 shares, a decline of 61.3% from the July 15th total of 288,564 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 141,456 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Heineken

An institutional investor recently bought a new stake in Heineken stock. Ancora Advisors LLC acquired a new stake in shares of Heineken NV (OTCMKTS:HEINY) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 26,358 shares of the company’s stock, valued at approximately $1,585,000.

Heineken Stock Down 0.3%

Shares of OTCMKTS HEINY traded down $0.13 during mid-day trading on Friday, reaching $42.64. 39,221 shares of the company were exchanged, compared to its average volume of 79,993. Heineken has a 52 week low of $37.03 and a 52 week high of $47.63. The company’s 50 day moving average price is $42.93 and its 200 day moving average price is $41.50. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.69 and a current ratio of 0.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Heineken in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Heineken in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. cut Heineken from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Heineken Company Profile

Heineken N.V. is a global brewing company best known for its flagship Heineken lager and a diversified portfolio of international and local beer brands. The company’s activities span brewing, marketing and distribution of beer and cider products, serving on‑trade and off‑trade channels as well as e‑commerce. Heineken combines global brand management with local production through a network of owned breweries, joint ventures and licensed partners to reach consumers across different markets.

Founded in Amsterdam in 1864 by Gerard Adriaan Heineken, the company has grown into one of the world’s largest brewers.