Remy Cointreau (OTCMKTS:REMYY) Short Interest Down 48.8% in July

Remy Cointreau (OTCMKTS:REMYY) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 3,907 shares, a drop of 48.8% from the June 30th total of 7,627 shares. Based on an average trading volume of 2,774 shares, the short-interest ratio is currently 1.4 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

REMYY has been the topic of a number of research analyst reports. Barclays reissued an “underweight” rating on shares of Remy Cointreau in a research note on Thursday, April 9th. UBS Group raised Remy Cointreau from a “sell” rating to a “neutral” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce”.

Remy Cointreau Stock Up 6.7%

Shares of REMYY opened at $5.44 on Wednesday. Remy Cointreau has a fifty-two week low of $3.98 and a fifty-two week high of $6.60. The firm’s 50 day moving average price is $4.90 and its 200 day moving average price is $4.73. The company has a quick ratio of 0.34, a current ratio of 3.16 and a debt-to-equity ratio of 0.35.

About Remy Cointreau

Rémy Cointreau is a French spirits group specializing in the production and distribution of premium and super-premium alcoholic beverages. The company’s core activities center on cognacs, liqueurs, single malt Scotch whiskies and innovative craft spirits. Through its integrated production network and dedicated cellar masters, Rémy Cointreau maintains rigorous quality standards from distillation and aging to bottling and distribution.

The group’s flagship brands include Rémy Martin and Louis XIII cognacs, recognized worldwide for their heritage and craftsmanship, as well as Cointreau, a leading triple-sec liqueur.