Heineken NV (OTCMKTS:HEINY – Get Free Report) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 58,199 shares, a drop of 73.6% from the August 15th total of 220,345 shares. Based on an average daily trading volume, of 153,798 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are sold short.
Heineken Trading Down 1.1%
Shares of OTCMKTS HEINY traded down $0.44 during midday trading on Friday, reaching $40.79. The company’s stock had a trading volume of 92,062 shares, compared to its average volume of 79,465. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.93 and a quick ratio of 0.69. The firm has a 50 day moving average price of $43.28 and a 200-day moving average price of $41.27. Heineken has a 12-month low of $37.03 and a 12-month high of $47.63.
Analysts Set New Price Targets
HEINY has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Heineken in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Heineken in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.
About Heineken
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.
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