Heineken NV (OTCMKTS:HEINY) Sees Large Drop in Short Interest

Key Points

• Heineken’s short interest fell 61.3% to 111,708 shares as of July 31, down from 288,564 shares on July 15. Short interest represented 0.0% of shares, with a short-interest ratio of 0.8 days.
• Analyst sentiment remained cautious: RBC and Deutsche Bank maintained neutral/hold views, while JPMorgan downgraded the stock to neutral. MarketBeat’s consensus rating is Hold.
• Heineken shares opened at $42.77, within a 52-week range of $37.03 to $47.63. Madison Asset Management increased its stake by 22.9% in the second quarter to 140,879 shares.

Heineken NV (OTCMKTS:HEINY - Get Free Report) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 111,708 shares, a decrease of 61.3% from the July 15th total of 288,564 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 141,456 shares, the short-interest ratio is presently 0.8 days.

Analysts Set New Price Targets

Several equities research analysts have commented on HEINY shares. Royal Bank Of Canada reissued a "sector perform" rating on shares of Heineken in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Heineken in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. downgraded Heineken from an "overweight" rating to a "neutral" rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold".

Heineken Price Performance

OTCMKTS HEINY opened at $42.77 on Friday. The business has a fifty day moving average price of $42.84 and a two-hundred day moving average price of $41.49. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.69 and a current ratio of 0.93. Heineken has a fifty-two week low of $37.03 and a fifty-two week high of $47.63.

Institutional Investors Weigh In On Heineken

A hedge fund recently raised its position in Heineken stock. Madison Asset Management LLC lifted its position in shares of Heineken NV (OTCMKTS:HEINY - Free Report) by 22.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,879 shares of the company's stock after purchasing an additional 26,226 shares during the period. Madison Asset Management LLC's holdings in Heineken were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission.

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.

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