Heineken (OTCMKTS:HEINY) Sees Significant Increase in Short Interest

Heineken (OTCMKTS:HEINY - Get Free Report) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 32,000 shares, a growth of 350.7% from the December 15th total of 7,100 shares. Based on an average daily volume of 690,900 shares, the days-to-cover ratio is presently 0.0 days.

Heineken Price Performance

Shares of HEINY traded down $0.04 during mid-day trading on Monday, hitting $33.16. The stock had a trading volume of 421,590 shares, compared to its average volume of 346,254. Heineken has a fifty-two week low of $32.77 and a fifty-two week high of $52.92. The company's fifty day simple moving average is $36.69 and its two-hundred day simple moving average is $42.04.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lowered shares of Heineken from a "buy" rating to a "hold" rating in a research note on Wednesday, December 4th.

Heineken Company Profile

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.

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