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

Remy Cointreau (OTCMKTS:REMYY) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 11,011 shares, an increase of 182.8% from the April 30th total of 3,894 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 15,336 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Separately, Barclays reissued an “underweight” rating on shares of Remy Cointreau in a report on Thursday, April 9th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Remy Cointreau currently has an average rating of “Reduce”.

Remy Cointreau Stock Performance

OTCMKTS REMYY opened at $4.62 on Friday. Remy Cointreau has a twelve month low of $3.98 and a twelve month high of $7.23. The company has a quick ratio of 0.39, a current ratio of 2.79 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average of $4.52 and a 200 day moving average of $4.57.

Remy Cointreau Company Profile

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.