Royal Unibrew A/S (OTCMKTS:ROYUF) Short Interest Up 20.0% in December

Royal Unibrew A/S (OTCMKTS:ROYUFGet Rating) was the target of a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 52,700 shares, a growth of 20.0% from the December 15th total of 43,900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 527.0 days.

Royal Unibrew A/S Price Performance

ROYUF opened at $66.60 on Friday. The company has a 50-day simple moving average of $66.60 and a 200 day simple moving average of $77.02. Royal Unibrew A/S has a twelve month low of $66.60 and a twelve month high of $66.60.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Citigroup downgraded shares of Royal Unibrew A/S from a “buy” rating to a “sell” rating in a research report on Thursday, October 20th. JPMorgan Chase & Co. cut their price objective on shares of Royal Unibrew A/S from 575.00 to 500.00 and set a “neutral” rating for the company in a research report on Thursday, December 1st. Deutsche Bank Aktiengesellschaft downgraded Royal Unibrew A/S from a “hold” rating to a “sell” rating and reduced their price target for the company from 390.00 to 375.00 in a research note on Thursday, January 12th. Nordea Equity Research downgraded Royal Unibrew A/S from a “buy” rating to a “hold” rating in a research note on Wednesday, October 19th. Finally, Morgan Stanley initiated coverage on shares of Royal Unibrew A/S in a research note on Friday, January 6th. They issued an “underweight” rating on the stock. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $580.00.

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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