Royal Unibrew A/S (OTCMKTS:ROYUF) Short Interest Update

Royal Unibrew A/S (OTCMKTS:ROYUFGet Rating) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 104,900 shares, a growth of 27.0% from the February 13th total of 82,600 shares. Based on an average trading volume of 400 shares, the short-interest ratio is currently 262.3 days.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ROYUF shares. JPMorgan Chase & Co. reduced their target price on Royal Unibrew A/S from 575.00 to 500.00 and set a “neutral” rating on the stock in a report on Thursday, December 1st. Deutsche Bank Aktiengesellschaft cut Royal Unibrew A/S from a “hold” rating to a “sell” rating and dropped their price target for the stock from 390.00 to 375.00 in a research report on Thursday, January 12th. Finally, Morgan Stanley started coverage on Royal Unibrew A/S in a research report on Friday, January 6th. They issued an “underweight” rating on the stock. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $491.67.

Royal Unibrew A/S Price Performance

Shares of ROYUF opened at $66.60 on Tuesday. The business’s 50 day moving average price is $66.60 and its 200-day moving average price is $71.17. Royal Unibrew A/S has a 52 week low of $66.60 and a 52 week high of $66.60.

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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