Pernod Ricard SA (OTCMKTS:PRNDY) Sees Significant Growth in Short Interest

Pernod Ricard SA (OTCMKTS:PRNDY) was the recipient of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 568,998 shares, a growth of 590.9% from the October 15th total of 82,361 shares. Based on an average trading volume of 942,825 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are short sold.

Pernod Ricard Stock Down 0.0%

Shares of PRNDY stock traded down $0.01 on Thursday, hitting $15.88. 282,419 shares of the stock were exchanged, compared to its average volume of 688,452. The firm’s 50 day moving average is $14.40 and its two-hundred day moving average is $15.43. Pernod Ricard has a one year low of $12.95 and a one year high of $20.72. The company has a quick ratio of 0.78, a current ratio of 2.47 and a debt-to-equity ratio of 0.73.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Pernod Ricard from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Pernod Ricard presently has an average rating of “Hold”.

Pernod Ricard Company Profile

Pernod Ricard is a French beverage company that produces and markets spirits and champagne. Formed in 1975 through the merger of Pernod and Ricard, the company is headquartered in Paris. Its portfolio includes whiskey, vodka, gin, rum, cognac, anise-based spirits and champagne. Well-known brands include Jameson, Chivas Regal, Ballantine’s, Absolut, Beefeater, Martell, Havana Club, Malibu, Mumm and Perrier-Jouët. Pernod Ricard serves consumers in markets around the world through a network of local subsidiaries and distribution partners.