Short Interest in Royal Unibrew A/S (OTCMKTS:ROYUF) Expands By 200.1%

Royal Unibrew A/S (OTCMKTS:ROYUF) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 15,493 shares, an increase of 200.1% from the April 15th total of 5,162 shares. Based on an average daily trading volume, of 73 shares, the days-to-cover ratio is presently 212.2 days.

Royal Unibrew A/S Price Performance

Shares of OTCMKTS:ROYUF remained flat at $65.60 on Thursday. Royal Unibrew A/S has a 1-year low of $64.86 and a 1-year high of $67.30. The business’s 50-day moving average price is $70.78 and its 200 day moving average price is $72.29.

Analyst Ratings Changes

A number of analysts recently weighed in on ROYUF shares. Deutsche Bank Aktiengesellschaft downgraded Royal Unibrew A/S from a “buy” rating to a “hold” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group downgraded Royal Unibrew A/S from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Royal Unibrew A/S presently has an average rating of “Moderate Buy”.

About Royal Unibrew A/S

Royal Unibrew A/S is a Denmark-based brewing and beverage group with its origins in the 1989 merger of regional breweries. Over the decades the company has built a diversified product portfolio encompassing beer, malt beverages, soft drinks, cider and water. Key beer brands include Royal, Faxe and Ceres, while its soft drink range features Faxe Kondi alongside a variety of flavored waters and energy drinks.

In beer, Royal Unibrew produces both traditional lagers and specialty craft-style brews.