Pernod Ricard SA (OTCMKTS:PRNDY) Sees Significant Decrease in Short Interest

Pernod Ricard SA (OTCMKTS:PRNDY) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 11,013 shares, a decline of 96.3% from the July 30th total of 299,881 shares. Based on an average trading volume of 585,527 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Pernod Ricard Stock Down 2.2%

Shares of PRNDY stock traded down $0.36 during trading hours on Tuesday, hitting $15.66. 175,097 shares of the company were exchanged, compared to its average volume of 635,558. The business has a 50 day moving average of $15.15 and a two-hundred day moving average of $15.68. The company has a quick ratio of 0.83, a current ratio of 2.33 and a debt-to-equity ratio of 0.72. Pernod Ricard has a 52 week low of $13.40 and a 52 week high of $23.95.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Pernod Ricard from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Pernod Ricard Company Profile

Pernod Ricard SA produces and sells wines and spirits worldwide. The company offers whiskey, vodka, gin, rum, liqueur and bitters, champagne, tequila and mezcal, and aperitif under the brands 100 Pipers, Aberlour, Absolut, Absolut Elyx, Altos, ARARAT, Augier, Avion, Ballantine's, Becherovka, Beefeater, Blenders Pride, Brancott Estate, Campo Viejo, Ceder's, Chivas, Church Road, Clan Campbell, Del Maguey, George Wyndham, Green Spot, Havana Club, Imperial, Imperial Blue, Italicus, J.P. Wiser's, Jacob's Creek, Jameson, Jefferson's, Kahlúa, Kenwood, KI NO BI, Lillet, Long John, L'Orbe, Lot No.