Rémy Cointreau SA (OTCMKTS:REMYY) Sees Large Decline in Short Interest

Rémy Cointreau SA (OTCMKTS:REMYY) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 18,800 shares, a decline of 53.5% from the November 30th total of 40,400 shares. Based on an average trading volume of 67,100 shares, the days-to-cover ratio is currently 0.3 days.

Rémy Cointreau Stock Performance

Shares of Rémy Cointreau stock traded down $0.01 during trading hours on Friday, hitting $5.99. The company’s stock had a trading volume of 22,483 shares, compared to its average volume of 90,868. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 0.40. Rémy Cointreau has a 12-month low of $5.54 and a 12-month high of $12.75. The business has a 50 day moving average price of $6.15 and a two-hundred day moving average price of $7.17.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas downgraded shares of Rémy Cointreau from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 10th.

About Rémy Cointreau

Rémy Cointreau SA, together with its subsidiaries, engages in the production, sale, and distribution of liqueurs and spirits. It operates through Rémy Martin, Liqueurs & Spirits, and Partner Brands segments. The company offers cognacs, liqueurs, single malt whiskies, gins, rums, brandies, wines, and champagnes primarily under the Cointreau, Metaxa, St-Rémy, Mount Gay, Bruichladdich, The Botanist, Westland, Le Domaine des Hautes Glaces, Belle de Brillet, Telmont, Port Charlotte, Octomore, Rémy Martin, and LOUIS XIII brands.