Heineken (OTCMKTS:HEINY – Get Free Report) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 32,000 shares, a growth of 350.7% from the December 15th total of 7,100 shares. Based on an average trading volume of 690,900 shares, the days-to-cover ratio is currently 0.0 days.
Heineken Price Performance
Shares of HEINY traded down $0.03 during midday trading on Wednesday, reaching $33.13. The stock had a trading volume of 423,167 shares, compared to its average volume of 358,306. The company’s fifty day simple moving average is $36.40 and its two-hundred day simple moving average is $41.82. Heineken has a 1-year low of $32.77 and a 1-year high of $52.92.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft cut Heineken from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th.
About Heineken
Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, Eastern Europe, and the Asia Pacific. The company provides soft drinks and water. It offers its beers under the Heineken, Heineken Light, Orchard Thieves, Orchard Thieves Light, Birra Moretti, Coors, Murphy's and Beamish Stouts, Desperados, Tiger, Sol, and Foster's brand, as well as under regional and local brands.
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