Heineken NV (OTCMKTS:HEINY) Sees Significant Increase in Short Interest

Heineken NV (OTCMKTS:HEINY) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 220,345 shares, an increase of 97.3% from the July 30th total of 111,708 shares. Based on an average daily volume of 153,679 shares, the short-interest ratio is presently 1.4 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of Heineken

A number of hedge funds have recently made changes to their positions in HEINY. Public Employees Retirement System of Ohio bought a new stake in shares of Heineken in the second quarter worth $2,916,000. Ancora Advisors LLC bought a new position in Heineken during the 2nd quarter valued at $1,585,000. Finally, Madison Asset Management LLC boosted its stake in Heineken by 22.9% during the 2nd quarter. Madison Asset Management LLC now owns 140,879 shares of the company’s stock valued at $1,312,000 after acquiring an additional 26,226 shares during the last quarter.

Heineken Price Performance

OTCMKTS HEINY traded up $0.10 during mid-day trading on Monday, reaching $42.14. 28,500 shares of the company’s stock traded hands, compared to its average volume of 116,945. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.93 and a quick ratio of 0.69. Heineken has a 1-year low of $37.03 and a 1-year high of $47.63. The company has a fifty day simple moving average of $43.33 and a 200-day simple moving average of $41.52.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Heineken in a research note on Thursday, August 6th. JPMorgan Chase & Co. lowered shares of Heineken from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Heineken in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Heineken Company Profile

Heineken N.V. is a global brewing company best known for its flagship Heineken lager and a diversified portfolio of international and local beer brands. The company’s activities span brewing, marketing and distribution of beer and cider products, serving on‑trade and off‑trade channels as well as e‑commerce. Heineken combines global brand management with local production through a network of owned breweries, joint ventures and licensed partners to reach consumers across different markets.

Founded in Amsterdam in 1864 by Gerard Adriaan Heineken, the company has grown into one of the world’s largest brewers.