Royal Unibrew A/S (OTCMKTS:ROYUF) Sees Significant Drop in Short Interest

Royal Unibrew A/S (OTCMKTS:ROYUFGet Rating) was the target of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 6,900 shares, a decrease of 41.5% from the March 31st total of 11,800 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 69.0 days.

ROYUF opened at $85.00 on Friday. Royal Unibrew A/S has a 1-year low of $85.00 and a 1-year high of $107.00. The stock’s fifty day simple moving average is $88.74 and its 200 day simple moving average is $105.40.

A number of equities research analysts recently weighed in on ROYUF shares. Deutsche Bank Aktiengesellschaft dropped their price target on Royal Unibrew A/S from 755.00 to 750.00 in a research note on Friday, April 1st. Berenberg Bank dropped their price target on Royal Unibrew A/S from 931.00 to 845.00 in a research note on Thursday, March 3rd.

About Royal Unibrew A/S (Get Rating)

Royal Unibrew A/S produces, markets, sells, and distributes beer, malt beverages, soft drinks, ciders, and ready-to-drink products. The company also provides spring water, natural mineral water, energy drinks, fruit juices, nectar drinks, long drinks, and cocktail products. It offers its products under the Faxe Kondi, Original Long drink, LemonSoda, Novelle, Faxe, Lorina, Vitamalt, Kalnapilis, and other brands.

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