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

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Heineken in a report on Thursday, August 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Heineken in a research report on Tuesday, August 11th. One equities research 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. According to MarketBeat, the company has an average rating of “Hold”.

Heineken Stock Up 2.3%

OTCMKTS:HEINY traded up $0.92 during trading hours on Monday, reaching $41.71. 9,854 shares of the company traded hands, compared to its average volume of 113,768. The business’s 50-day moving average price is $43.28 and its two-hundred day moving average price is $41.24. Heineken has a 1 year low of $37.03 and a 1 year 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.

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.