Remy Cointreau (OTCMKTS:REMYY) Sees Large Increase in Short Interest

Remy Cointreau (OTCMKTS:REMYY) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 5,708 shares, an increase of 46.7% from the August 31st total of 3,891 shares. Based on an average daily trading volume, of 7,701 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are short sold.

Remy Cointreau Price Performance

OTCMKTS:REMYY remained flat at $4.92 on Thursday. The company’s stock had a trading volume of 1,004 shares, compared to its average volume of 3,821. Remy Cointreau has a 12-month low of $3.98 and a 12-month high of $5.82. The firm has a 50 day moving average of $5.15 and a two-hundred day moving average of $4.84. The company has a quick ratio of 0.34, a current ratio of 3.16 and a debt-to-equity ratio of 0.35.

Analysts Set New Price Targets

Separately, UBS Group upgraded shares of Remy Cointreau from a “sell” rating to a “neutral” rating in a research note on Monday, June 8th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Remy Cointreau currently has an average rating of “Reduce”.

About Remy Cointreau

Rémy Cointreau is a France-based spirits group that develops, produces and distributes premium and luxury alcoholic beverages. Its portfolio is centered on cognac, liqueurs, rum, whisky, champagne and other specialty spirits, with products marketed through a combination of owned brands and international distribution networks.

The company’s best-known brands include Rémy Martin cognac, including the Louis XIII luxury cognac, and Cointreau orange liqueur. Its broader portfolio includes Mount Gay rum, Bruichladdich, The Botanist and Port Charlotte whiskies and gin, Metaxa Greek spirits, St-Rémy brandy, Telmont champagne, and Domaine des Hautes Glaces whisky.