Heineken NV (OTCMKTS:HEINY) Short Interest Update

Key Points

• Heineken NV's short interest significantly decreased by 72.9% in August, dropping to 102,500 shares from 378,700 shares in July.
• HSBC recently upgraded Heineken from a hold to a strong-buy rating, contributing to an average rating of "Buy" from analysts.
• The company announced a dividend payment of $0.3258 per share on August 13th, translating to a yield of 207.0%.

Heineken NV (OTCMKTS:HEINY - Get Free Report) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totaling 102,500 shares, adecreaseof72.9% from the July 31st total of 378,700 shares. Based on an average trading volume of 391,000 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 391,000 shares, the days-to-cover ratio is presently 0.3 days.

Heineken Stock Performance

Shares of HEINY traded up $0.04 during mid-day trading on Friday, hitting $39.22. The stock had a trading volume of 85,219 shares, compared to its average volume of 91,261. Heineken has a 52 week low of $32.77 and a 52 week high of $46.62. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.51 and a current ratio of 0.77. The business has a fifty day moving average price of $41.99 and a 200-day moving average price of $42.76.

Heineken Cuts Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Hsbc Global Res upgraded Heineken to a "strong-buy" rating in a research note on Wednesday, July 30th. HSBC upgraded Heineken from a "hold" rating to a "buy" rating in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average 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.