Royal Unibrew A/S (OTCMKTS:ROYUF) Short Interest Up 346.2% in May

Royal Unibrew A/S (OTCMKTS:ROYUF) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 87,525 shares, a growth of 346.2% from the May 14th total of 19,617 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Royal Unibrew A/S Stock Performance

Shares of ROYUF stock remained flat at $64.50 during trading hours on Thursday. The stock had a trading volume of 300 shares, compared to its average volume of 260. Royal Unibrew A/S has a fifty-two week low of $63.25 and a fifty-two week high of $67.30. The company’s fifty day simple moving average is $67.49 and its two-hundred day simple moving average is $71.13.

Analyst Upgrades and Downgrades

ROYUF has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered Royal Unibrew A/S from a “buy” rating to a “hold” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group downgraded shares of Royal Unibrew A/S from a “buy” rating to a “neutral” rating in a research 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’s stock. Based on data from MarketBeat, the stock 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.