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

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

Wall Street Analyst Weigh In

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

Royal Unibrew A/S Price Performance

OTCMKTS:ROYUF remained flat at $70.00 on Monday. Royal Unibrew A/S has a 1 year low of $63.25 and a 1 year high of $70.00. The stock’s fifty day moving average price is $65.62 and its 200-day moving average price is $70.07.

Royal Unibrew A/S Company Profile

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.