Heineken NV (OTCMKTS:HEINY) Short Interest Up 97.3% in August

Heineken NV (OTCMKTS:HEINY) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 220,345 shares, a growth of 97.3% from the July 30th total of 111,708 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 153,679 shares, the short-interest ratio is presently 1.4 days.

Heineken Stock Performance

OTCMKTS HEINY opened at $42.08 on Tuesday. The company has a fifty day moving average of $43.37 and a two-hundred day moving average of $41.50. Heineken has a 1 year low of $37.03 and a 1 year high of $47.63. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.69 and a current ratio of 0.93.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HEINY. Madison Asset Management LLC increased its position in Heineken by 22.9% during the second quarter. Madison Asset Management LLC now owns 140,879 shares of the company’s stock worth $1,312,000 after buying an additional 26,226 shares during the period. Ancora Advisors LLC purchased a new stake in Heineken in the second quarter valued at approximately $1,585,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Heineken in the second quarter valued at approximately $2,916,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HEINY shares. JPMorgan Chase & Co. downgraded Heineken from an “overweight” rating to a “neutral” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Heineken in a report on Tuesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Heineken in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Heineken has an average rating of “Hold”.

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.