Pernod Ricard SA (OTCMKTS:PRNDY) Stock Short Interest Falls 75.7%

Pernod Ricard SA (OTCMKTS:PRNDY) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 44,156 shares, a decline of 75.7% from the August 31st total of 181,779 shares. Based on an average daily volume of 1,501,688 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Pernod Ricard from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Pernod Ricard Stock Performance

Shares of OTCMKTS:PRNDY traded up $0.04 during midday trading on Friday, reaching $13.53. The company’s stock had a trading volume of 288,732 shares, compared to its average volume of 757,203. The business has a 50 day moving average price of $14.90 and a 200 day moving average price of $14.90. Pernod Ricard has a 1 year low of $13.40 and a 1 year high of $20.96. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.47 and a quick ratio of 0.83.

Pernod Ricard Company Profile

Pernod Ricard is a France-based producer and distributor of wines and spirits. The company’s portfolio includes internationally recognized brands such as Absolut vodka, Jameson Irish whiskey, Chivas Regal, Ballantine’s and The Glenlivet Scotch whiskies, Martell cognac, Havana Club rum, Beefeater gin, Malibu, Mumm and Perrier-Jouët champagne, and Ricard anise-flavored aperitif.

The company sells its products through a broad global distribution network serving markets across Europe, North and South America, Asia-Pacific, Africa and other regions.