Fevertree Drinks PLC (OTCMKTS:FQVTF) Sees Significant Growth in Short Interest

Fevertree Drinks PLC (OTCMKTS:FQVTF) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 33,553 shares, a growth of 73.6% from the April 30th total of 19,325 shares. Based on an average daily volume of 5,477 shares, the days-to-cover ratio is presently 6.1 days.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FQVTF. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Fevertree Drinks in a research report on Tuesday, February 24th. Barclays raised shares of Fevertree Drinks from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Fevertree Drinks Price Performance

OTCMKTS:FQVTF remained flat at $10.75 on Tuesday. 46 shares of the company’s stock were exchanged, compared to its average volume of 3,351. The stock’s 50-day moving average price is $10.64 and its 200-day moving average price is $11.13. Fevertree Drinks has a one year low of $9.55 and a one year high of $13.45.

About Fevertree Drinks

Fevertree Drinks is a London-based producer of premium beverage mixers, best known for its tonic waters, ginger beers and soda waters. The company focuses on crafting high-quality mixers using natural ingredients, positioning its products as artisanal complements to spirits such as gin, vodka and whiskey. Its offerings are designed to deliver a distinctive taste experience and cater to a growing consumer preference for premium, naturally-sourced beverages.

Founded in 2005 by Tim Warrillow and Charles Rolls, Fevertree was born out of a shared vision to elevate the mixer category through better ingredients and flavor.