Short Interest in Pernod Ricard SA (OTCMKTS:PRNDY) Declines By 70.6%

Pernod Ricard SA (OTCMKTS:PRNDY) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 119,721 shares, a drop of 70.6% from the May 14th total of 406,921 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,165,766 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Zacks Research raised Pernod Ricard from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Pernod Ricard Price Performance

PRNDY traded up $0.04 during midday trading on Friday, hitting $14.70. 85,407 shares of the company were exchanged, compared to its average volume of 741,404. The company’s 50 day simple moving average is $14.88 and its 200 day simple moving average is $16.62. Pernod Ricard has a 1-year low of $13.40 and a 1-year high of $24.13.

About Pernod Ricard

Pernod Ricard SA produces and sells wines and spirits worldwide. The company offers whiskey, vodka, gin, rum, liqueur and bitters, champagne, tequila and mezcal, and aperitif under the brands 100 Pipers, Aberlour, Absolut, Absolut Elyx, Altos, ARARAT, Augier, Avion, Ballantine's, Becherovka, Beefeater, Blenders Pride, Brancott Estate, Campo Viejo, Ceder's, Chivas, Church Road, Clan Campbell, Del Maguey, George Wyndham, Green Spot, Havana Club, Imperial, Imperial Blue, Italicus, J.P. Wiser's, Jacob's Creek, Jameson, Jefferson's, Kahlúa, Kenwood, KI NO BI, Lillet, Long John, L'Orbe, Lot No.