Pernod Ricard SA (OTCMKTS:PRNDY) Sees Large Decline in Short Interest

Pernod Ricard SA (OTCMKTS:PRNDY) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 44,156 shares, a decline of 75.7% from the August 31st total of 181,779 shares. Based on an average daily volume of 1,501,688 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Pernod Ricard from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Pernod Ricard currently has an average rating of “Hold”.

Pernod Ricard Stock Performance

OTCMKTS:PRNDY traded up $0.04 during trading hours on Friday, hitting $13.53. The stock had a trading volume of 288,732 shares, compared to its average volume of 757,203. Pernod Ricard has a one year low of $13.40 and a one year high of $20.96. The company has a quick ratio of 0.83, a current ratio of 2.47 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $14.90 and its 200-day moving average is $14.90.

About Pernod Ricard

Pernod Ricard is a France-based producer and distributor of wines and spirits. The company’s portfolio includes internationally recognized brands such as Absolut vodka, Jameson Irish whiskey, Chivas Regal, Ballantine’s and The Glenlivet Scotch whiskies, Martell cognac, Havana Club rum, Beefeater gin, Malibu, Mumm and Perrier-Jouët champagne, and Ricard anise-flavored aperitif.

The company sells its products through a broad global distribution network serving markets across Europe, North and South America, Asia-Pacific, Africa and other regions.