Royal Unibrew A/S (OTCMKTS:ROYUF) Sees Large Growth in Short Interest

Royal Unibrew A/S (OTCMKTS:ROYUF) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 87,525 shares, an increase of 346.2% from the May 14th total of 19,617 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ROYUF shares. Deutsche Bank Aktiengesellschaft cut Royal Unibrew A/S from a “buy” rating to a “hold” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group cut Royal Unibrew A/S from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Royal Unibrew A/S Price Performance

ROYUF opened at $64.50 on Friday. The business has a 50 day moving average price of $67.15 and a two-hundred day moving average price of $71.03. Royal Unibrew A/S has a 52 week low of $63.25 and a 52 week high of $67.30.

About Royal Unibrew A/S

Royal Unibrew A/S is a Denmark-based brewing and beverage group with its origins in the 1989 merger of regional breweries. Over the decades the company has built a diversified product portfolio encompassing beer, malt beverages, soft drinks, cider and water. Key beer brands include Royal, Faxe and Ceres, while its soft drink range features Faxe Kondi alongside a variety of flavored waters and energy drinks.

In beer, Royal Unibrew produces both traditional lagers and specialty craft-style brews.