Heineken NV (OTCMKTS:HEINY) Short Interest Up 97.3% in August

Key Points

• Heineken’s short interest nearly doubled in August, rising 97.3% to 220,345 shares, though this represents 0.0% of shares outstanding and only 1.4 days to cover.
• Several institutional investors increased or initiated positions in Heineken during the second quarter, including Madison Asset Management, Ancora Advisors and the Public Employees Retirement System of Ohio.
• Analyst sentiment remains cautious: JPMorgan downgraded the stock to “neutral,” while the broader analyst consensus is “Hold.” Shares opened at $42.04, below their 50-day moving average of $43.33.

Heineken NV (OTCMKTS:HEINY - Get Free Report) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 220,345 shares, an increase of 97.3% from the July 30th total of 111,708 shares. Based on an average daily volume of 153,679 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Heineken

Institutional investors and hedge funds have recently modified their holdings of the company. Madison Asset Management LLC grew its position in shares of Heineken by 22.9% in the second quarter. Madison Asset Management LLC now owns 140,879 shares of the company's stock valued at $1,312,000 after purchasing an additional 26,226 shares during the period. Ancora Advisors LLC acquired a new position in Heineken during the second quarter worth approximately $1,585,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Heineken during the second quarter worth approximately $2,916,000.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HEINY. JPMorgan Chase & Co. cut shares of Heineken from an "overweight" rating to a "neutral" rating in a report on Wednesday, May 13th. Royal Bank Of Canada restated a "sector perform" rating on shares of Heineken in a research report on Tuesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Heineken in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Heineken has a consensus rating of "Hold".

Heineken Stock Down 0.2%

HEINY stock opened at $42.04 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.69 and a debt-to-equity ratio of 0.79. The company's 50 day simple moving average is $43.33 and its 200-day simple moving average is $41.54. Heineken has a 12 month low of $37.03 and a 12 month high of $47.63.

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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