Short Interest in Pernod Ricard SA (OTCMKTS:PDRDF) Expands By 123.7%

Pernod Ricard SA (OTCMKTS:PDRDF) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 273,800 shares, a growth of 123.7% from the August 31st total of 122,400 shares. Based on an average daily volume of 4,700 shares, the days-to-cover ratio is currently 58.3 days. Based on an average daily volume of 4,700 shares, the days-to-cover ratio is currently 58.3 days.

Pernod Ricard Trading Up 4.8%

Shares of Pernod Ricard stock opened at C$98.24 on Monday. The stock has a 50 day moving average price of C$109.03 and a 200-day moving average price of C$105.36. Pernod Ricard has a one year low of C$93.40 and a one year high of C$146.08.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut Pernod Ricard from an “overweight” rating to an “underweight” rating in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Pernod Ricard has a consensus rating of “Sell”.

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.