Short Interest in Remy Cointreau (OTCMKTS:REMYY) Drops By 76.1%

Remy Cointreau (OTCMKTS:REMYY) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 3,891 shares, a drop of 76.1% from the July 30th total of 16,272 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 7,308 shares, the days-to-cover ratio is currently 0.5 days.

Remy Cointreau Stock Performance

Shares of OTCMKTS REMYY remained flat at $5.42 during midday trading on Thursday. The stock had a trading volume of 3,388 shares, compared to its average volume of 4,825. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 3.16. The business’s 50-day moving average price is $5.15 and its 200 day moving average price is $4.82. Remy Cointreau has a 12-month low of $3.98 and a 12-month high of $6.41.

Analyst Ratings Changes

Separately, UBS Group raised shares of Remy Cointreau from a “sell” rating to a “neutral” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

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.