Fevertree Drinks PLC (OTCMKTS:FQVTF) Shares Shorted: Short Interest Down 52.5% in September

Fevertree Drinks PLC (OTCMKTS:FQVTF) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 30,983 shares, a decline of 52.5% from the September 15th total of 65,219 shares. Based on an average trading volume of 2,402 shares, the days-to-cover ratio is currently 12.9 days.

Fevertree Drinks Stock Performance

FQVTF stock traded up $0.45 during midday trading on Thursday, hitting $11.79. 400 shares of the stock were exchanged, compared to its average volume of 3,083. The stock’s 50-day moving average price is $11.18 and its 200-day moving average price is $10.91. Fevertree Drinks has a fifty-two week low of $9.55 and a fifty-two week high of $13.05.

Fevertree Drinks Company Profile

Fever-Tree Drinks plc is a United Kingdom-based beverage company that develops and sells premium mixers and non-alcoholic drinks. Its portfolio includes tonic waters, ginger beers, ginger ales, sodas, lemonades and other cocktail mixers designed to complement spirits and other beverages.

The company was founded in 2005 by Charles Rolls and Tim Warrillow, with the Fever-Tree name referencing the cinchona tree, historically associated with quinine production. Fever-Tree was admitted to trading on the London Stock Exchange in 2014 and has built its brand around natural ingredients, distinctive flavors and premium positioning.

Fever-Tree products are sold through supermarkets, restaurants, bars, hotels and online retailers.