Heineken NV (OTCMKTS:HEINY) Short Interest Down 61.3% in July

Heineken NV (OTCMKTS:HEINY) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 111,708 shares, a decrease of 61.3% from the July 15th total of 288,564 shares. Based on an average daily volume of 141,456 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Trading of Heineken

An institutional investor recently bought a new stake in Heineken stock. Ancora Advisors LLC bought a new stake in shares of Heineken NV (OTCMKTS:HEINY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 26,358 shares of the company’s stock, valued at approximately $1,585,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HEINY shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Heineken in a research note on Thursday, August 6th. JPMorgan Chase & Co. cut shares of Heineken from an “overweight” rating to a “neutral” rating in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Heineken in a report on Tuesday. One equities research 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 company. According to data from MarketBeat.com, Heineken presently has an average rating of “Hold”.

Heineken Price Performance

Shares of HEINY opened at $42.64 on Friday. Heineken has a 52-week low of $37.03 and a 52-week high of $47.63. 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 business’s 50 day moving average price is $42.93 and its two-hundred day moving average price is $41.50.

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.