Heineken (OTCMKTS:HEINY) Short Interest Down 88.4% in March

Heineken (OTCMKTS:HEINY) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 16,400 shares, a decrease of 88.4% from the March 15th total of 141,300 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 307,700 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Several brokerages have issued reports on HEINY. Berenberg Bank raised shares of Heineken to a “strong-buy” rating in a research report on Wednesday, April 2nd. Royal Bank of Canada upgraded shares of Heineken from a “sector perform” rating to an “outperform” rating in a research note on Friday, March 14th.

Heineken Stock Up 5.4 %

Shares of HEINY stock traded up $2.27 during mid-day trading on Wednesday, hitting $44.53. 84,058 shares of the stock traded hands, compared to its average volume of 210,151. The company has a quick ratio of 0.52, a current ratio of 0.78 and a debt-to-equity ratio of 0.62. The company’s 50-day simple moving average is $41.23 and its 200-day simple moving average is $38.96. Heineken has a twelve month low of $32.77 and a twelve month high of $52.92.

Heineken Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 9th. Shareholders of record on Thursday, April 24th will be paid a dividend of $0.6136 per share. The ex-dividend date of this dividend is Thursday, April 24th. This is a positive change from Heineken’s previous dividend of $0.27.

Heineken Company Profile

Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, Eastern Europe, and the Asia Pacific. The company provides soft drinks and water. It offers its beers under the Heineken, Heineken Light, Orchard Thieves, Orchard Thieves Light, Birra Moretti, Coors, Murphy's and Beamish Stouts, Desperados, Tiger, Sol, and Foster's brand, as well as under regional and local brands.