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

Royal Unibrew A/S (OTCMKTS:ROYUF) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 236,123 shares, a growth of 169.8% from the May 31st total of 87,525 shares. Based on an average daily trading volume, of 435 shares, the days-to-cover ratio is currently 542.8 days.

Royal Unibrew A/S Stock Performance

ROYUF opened at $64.50 on Monday. The stock has a fifty day simple moving average of $65.42 and a two-hundred day simple moving average of $70.40. Royal Unibrew A/S has a 12-month low of $63.25 and a 12-month high of $67.30.

Wall Street Analyst Weigh In

ROYUF has been the subject of several research analyst reports. The Goldman Sachs Group lowered shares of Royal Unibrew A/S from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft downgraded Royal Unibrew A/S from a “buy” rating to a “hold” rating in a report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Royal Unibrew A/S currently has an average rating of “Moderate Buy”.

Royal Unibrew A/S Company Profile

Royal Unibrew A/S is a Denmark-based brewing and beverage group with its origins in the 1989 merger of regional breweries. Over the decades the company has built a diversified product portfolio encompassing beer, malt beverages, soft drinks, cider and water. Key beer brands include Royal, Faxe and Ceres, while its soft drink range features Faxe Kondi alongside a variety of flavored waters and energy drinks.

In beer, Royal Unibrew produces both traditional lagers and specialty craft-style brews.