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

Remy Cointreau (OTCMKTS:REMYY) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 2,845 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 8,345 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein cut shares of Remy Cointreau to a “market perform” rating in a report on Tuesday, October 27th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce”.

Remy Cointreau Price Performance

Shares of Remy Cointreau stock opened at $5.61 on Monday. The firm’s 50 day moving average is $5.12 and its 200 day moving average is $4.88. Remy Cointreau has a 1 year low of $3.98 and a 1 year high of $5.82. The company has a quick ratio of 0.34, a current ratio of 3.16 and a debt-to-equity ratio of 0.35.

About Remy Cointreau

Rémy Cointreau is a France-based international spirits group that produces, markets and distributes premium and luxury alcoholic beverages. Its portfolio is organized around cognac, liqueurs, rum, whisky, gin, champagne and related spirits, with products sold through a combination of distributors, retailers, hospitality venues and e-commerce channels.

The company’s best-known brands include Rémy Martin and Louis XIII cognacs, Cointreau orange liqueur, Mount Gay rum, The Botanist gin, Bruichladdich and Westland whiskies, Metaxa Greek spirits, St-Rémy brandy and Telmont champagne.