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

Pernod Ricard SA (OTCMKTS:PRNDY) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 11,013 shares, a decrease of 96.3% from the July 30th total of 299,881 shares. Based on an average daily trading volume, of 585,527 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Pernod Ricard from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Pernod Ricard Price Performance

Shares of Pernod Ricard stock traded up $0.12 during midday trading on Wednesday, hitting $15.78. The company’s stock had a trading volume of 63,685 shares, compared to its average volume of 697,574. The stock has a 50-day simple moving average of $15.15 and a 200-day simple moving average of $15.68. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.83 and a current ratio of 2.33. Pernod Ricard has a 1-year low of $13.40 and a 1-year high of $23.95.

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.