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

Remy Cointreau (OTCMKTS:REMYY) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 3,907 shares, a drop of 48.8% from the June 30th total of 7,627 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,774 shares, the days-to-cover ratio is presently 1.4 days.

Analyst Ratings Changes

REMYY has been the subject of a number of analyst reports. UBS Group raised Remy Cointreau from a “sell” rating to a “neutral” rating in a research report on Monday, June 8th. Barclays reaffirmed an “underweight” rating on shares of Remy Cointreau in a report on Thursday, April 9th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Remy Cointreau Trading Up 6.7%

Shares of REMYY stock opened at $5.44 on Wednesday. The firm has a fifty day moving average price of $4.90 and a 200 day moving average price of $4.73. The company has a current ratio of 3.16, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. Remy Cointreau has a 12 month low of $3.98 and a 12 month high of $6.60.

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.