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

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

Remy Cointreau Stock Performance

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

Wall Street Analyst Weigh In

Separately, UBS Group upgraded Remy Cointreau from a “sell” rating to a “neutral” rating in a research report 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. According to data from MarketBeat, the stock 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.