Heineken NV (OTCMKTS:HEINY) Sees Significant Growth in Short Interest

Key Points

• Heineken NV experienced a drastic increase in short interest, rising by 581.1% to 378,700 shares in July compared to mid-month figures.
• The company's stock recently traded at $39.63, down by $0.25, with a 52-week range between $32.77 and $46.62.
• Heineken announced a $0.3258 dividend per share, reflecting a substantial yield of 207.0%, which was paid on August 13th.

Heineken NV (OTCMKTS:HEINY - Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 378,700 shares, agrowthof581.1% from the July 15th total of 55,600 shares. Based on an average daily trading volume, of 528,200 shares, the short-interest ratio is presently 0.7 days. Approximately0.0% of the company's shares are short sold. Approximately0.0% of the company's shares are short sold. Based on an average daily trading volume, of 528,200 shares, the short-interest ratio is presently 0.7 days.

Heineken Stock Performance

Shares of HEINY stock traded down $0.25 during trading hours on Thursday, reaching $39.63. 131,224 shares of the company's stock were exchanged, compared to its average volume of 165,881. The stock's 50 day moving average is $43.35 and its 200-day moving average is $42.34. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.51 and a current ratio of 0.77. Heineken has a fifty-two week low of $32.77 and a fifty-two week high of $46.62.

Heineken Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, August 13th. Investors of record on Monday, August 11th were given a $0.3258 dividend. This represents a dividend yield of 207.0%. The ex-dividend date of this dividend was Friday, August 8th.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HEINY. Hsbc Global Res upgraded Heineken to a "strong-buy" rating in a research report on Wednesday, July 30th. HSBC raised shares of Heineken from a "hold" rating to a "buy" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy".

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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