Heineken NV (OTCMKTS:HEINY) Sees Large Drop in Short Interest

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HEINY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Heineken in a research report on Thursday, August 6th. JPMorgan Chase & Co. lowered Heineken from an “overweight” rating to a “neutral” rating in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Heineken in a research report on Tuesday. One investment 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Heineken

A hedge fund recently raised its position in Heineken stock. Madison Asset Management LLC increased its stake in shares of Heineken NV (OTCMKTS:HEINY) by 22.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 140,879 shares of the company’s stock after purchasing an additional 26,226 shares during the period. Madison Asset Management LLC’s holdings in Heineken were worth $1,312,000 as of its most recent SEC filing.

Heineken Stock Performance

OTCMKTS HEINY opened at $42.77 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.69 and a current ratio of 0.93. The company has a 50-day simple moving average of $42.84 and a 200 day simple moving average of $41.49. Heineken has a 52-week low of $37.03 and a 52-week high of $47.63.

About Heineken

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.