Five Alcohol-Related Stocks with Low Short Interest

Continuing our trend on stocks and sectors which may be affected by Christmas, we are going to talk about Alcohol-related stocks.

Let's start with Diageo (DEO), which has a small percentage of shares outstanding on loan (%SOOL) at 0.92%. As you can see from this graph, the only time this figure has increased is for dividend arbitrage reasons. Utilisation is at 4.24%. Diageo’s share price has ebbed and flowed between 800p to 1,100p in the last six months, and is currently at 940p.

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Asahi (ASGLY.PK), who will release earnings on Friday, has 1.67% of its SOOL; down from 5% in June when Utilisation was at 35% (it is now at 1.67%). Asahi’s share price has dropped from 2,000 JPY in July and August to 1,600 JPY now.

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Pernod Ricard (PDRDF.PK) has 9.85% of its SOOL, up from 6% in August and down after a dividend yield from 12% in mid-November. Utilisation is at 43%. Pernod’s share price has fallen from 68EUR in September to 49EUR now.

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Anheuser-Busch Inbev (AHBIF.PK) has seen a significant rise in short interest, up from 2% in June to 9% now. Utilisation is at 55%. The company’s share price has halved from 30EUR in September and since the merger, it now sits at 15EUR.

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Finally, Constellation Brands (STZ) has seen a significant amount of short covering, down from 9% in July to 3% now. The company’s share price has also fallen from $23 to $15 now, which is up from $12 in mid-November.

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Disclosure: None