Unilever NV (NYSE:UN) Sees Significant Growth in Short Interest
Unilever NV (NYSE:UN) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 1,799,200 shares, a growth of 7.5% from the June 30th total of 1,673,500 shares. Based on an average daily volume of 975,000 shares, the short-interest ratio is currently 1.8 days. Currently, 0.1% of the shares of the company are short sold.
Large investors have recently modified their holdings of the company. Comerica Securities Inc. bought a new position in Unilever in the 4th quarter valued at approximately $373,000. Deutsche Bank AG lifted its position in Unilever by 62.2% in the 4th quarter. Deutsche Bank AG now owns 193,476 shares of the company’s stock valued at $10,406,000 after acquiring an additional 74,175 shares in the last quarter. DNB Asset Management AS lifted its position in Unilever by 5.0% in the 1st quarter. DNB Asset Management AS now owns 12,627 shares of the company’s stock valued at $736,000 after acquiring an additional 600 shares in the last quarter. Virtu Financial LLC lifted its position in Unilever by 215.5% in the 1st quarter. Virtu Financial LLC now owns 11,868 shares of the company’s stock valued at $692,000 after acquiring an additional 8,106 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its position in Unilever by 1.6% in the 1st quarter. Raymond James Trust N.A. now owns 12,300 shares of the company’s stock valued at $717,000 after acquiring an additional 195 shares in the last quarter. 7.63% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on the stock. Zacks Investment Research raised shares of Unilever from a “sell” rating to a “hold” rating in a research report on Saturday. DZ Bank downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, Credit Suisse Group raised shares of Unilever from a “neutral” rating to an “outperform” rating in a research report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $66.50.
Unilever Company Profile
Unilever N.V. operates in the fast-moving consumer goods industry worldwide. It operates in three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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