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

Remy Cointreau (OTCMKTS:REMYY) was the target of a large increase in short interest during 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 sold short. Based on an average daily volume of 15,336 shares, the days-to-cover ratio is presently 0.7 days.

Remy Cointreau Stock Performance

Shares of REMYY stock opened at $4.62 on Friday. The business has a 50-day simple moving average of $4.52 and a 200-day simple moving average of $4.57. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.79 and a quick ratio of 0.39. Remy Cointreau has a 52-week low of $3.98 and a 52-week high of $7.23.

Analysts Set New Price Targets

Separately, Barclays reiterated an “underweight” rating on shares of Remy Cointreau in a research note on Thursday, April 9th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

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.