Remy Cointreau (OTCMKTS:REMYY) Short Interest Down 76.1% in August

Remy Cointreau (OTCMKTS:REMYY) saw 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. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 7,308 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded Remy Cointreau from a “sell” rating to a “neutral” rating in a 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 given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Remy Cointreau Price Performance

OTCMKTS REMYY opened at $5.42 on Friday. The firm’s fifty day moving average price is $5.15 and its 200 day moving average price is $4.82. 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.

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.