Royal Unibrew A/S (OTCMKTS:ROYUF) Short Interest Up 169.8% in June

Royal Unibrew A/S (OTCMKTS:ROYUF) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 236,123 shares, an increase of 169.8% from the May 31st total of 87,525 shares. Based on an average daily volume of 435 shares, the short-interest ratio is presently 542.8 days.

Royal Unibrew A/S Stock Performance

Shares of OTCMKTS:ROYUF remained flat at $64.50 on Tuesday. The company’s 50-day moving average is $65.25 and its 200 day moving average is $70.34. Royal Unibrew A/S has a 52-week low of $63.25 and a 52-week high of $67.30.

Wall Street Analysts Forecast Growth

ROYUF has been the subject of several recent analyst reports. The Goldman Sachs Group downgraded shares of Royal Unibrew A/S from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft lowered shares of Royal Unibrew A/S from a “buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Royal Unibrew A/S Company Profile

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.