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Anheuser Busch (NYSE:BUD) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 1,303,191 shares, a growth of 45.4% from the July 15th total of 896,018 shares, AnalystRatingsNetwork reports. Based on an average trading volume of 962,571 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.1% of the company’s stock are sold short.

Separately, analysts at Zacks upgraded shares of Anheuser Busch from a “neutral” rating to an “outperform” rating in a research note on Friday, August 1st. They now have a $117.20 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $59.26.

Anheuser Busch (NYSE:BUD) opened at 111.14 on Wednesday. Anheuser Busch has a 52-week low of $92.76 and a 52-week high of $116.65. The stock has a 50-day moving average of $111.0 and a 200-day moving average of $107.7. The company has a market cap of $178.6 billion and a P/E ratio of 20.30.

Anheuser Busch (NYSE:BUD) last announced its earnings results on Thursday, July 31st. The company reported $1.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.34 by $0.26. The company had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $12.20 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Analysts expect that Anheuser Busch will post $5.37 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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