Short Interest in Anheuser Busch Expands By 49.4% (BUD)
Shares of Anheuser Busch (NYSE:BUD) saw a significant increase in short interest in the month of June. As of June 13th, there was short interest totalling 1,335,193 shares, an increase of 49.4% from the May 30th total of 893,437 shares, American Banking and Market News reports. Based on an average trading volume of 1,098,929 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.1% of the shares of the stock are short sold.
Separately, analysts at Bank of America upgraded shares of Anheuser Busch from a “neutral” rating to a “buy” rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $1.31.
Shares of Anheuser Busch (NYSE:BUD) opened at 114.75 on Thursday. Anheuser Busch has a one year low of $87.83 and a one year high of $116.65. The stock has a 50-day moving average of $112.6 and a 200-day moving average of $106.1. The company has a market cap of $184.3 billion and a P/E ratio of 13.81.
Anheuser Busch (NYSE:BUD) last released its earnings data on Wednesday, May 7th. The company reported $0.87 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.08 by $0.21. The company had revenue of $10.61 billion for the quarter, compared to the consensus estimate of $10.44 billion. Anheuser Busch’s revenue was up 15.7% compared to the same quarter last year. Analysts expect that Anheuser Busch will post $5.21 EPS for the current fiscal year.
Anheuser-Busch InBev SA/NV is a brewing company. The Company produces, markets, distributes and sells a balanced portfolio of approximately 200 beer brands.
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