Royal Unibrew A/S (OTCMKTS:ROYUF) Short Interest Up 346.2% in May

Royal Unibrew A/S (OTCMKTS:ROYUF) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 87,525 shares, an increase of 346.2% from the May 14th total of 19,617 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ? days.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ROYUF. Deutsche Bank Aktiengesellschaft cut shares of Royal Unibrew A/S from a “buy” rating to a “hold” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group downgraded Royal Unibrew A/S from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Royal Unibrew A/S Stock Performance

OTCMKTS ROYUF remained flat at $64.50 during trading hours on Thursday. The company had a trading volume of 300 shares, compared to its average volume of 260. The stock has a 50-day simple moving average of $67.49 and a 200 day simple moving average of $71.13. Royal Unibrew A/S has a 1 year low of $63.25 and a 1 year high of $67.30.

About Royal Unibrew A/S

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.