Rémy Cointreau SA (OTCMKTS:REMYY) Sees Significant Decline in Short Interest

Rémy Cointreau SA (OTCMKTS:REMYY) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 10,000 shares, a decrease of 78.3% from the August 15th total of 46,000 shares. Based on an average daily volume of 115,800 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, BNP Paribas cut shares of Rémy Cointreau from a “strong-buy” rating to a “hold” rating in a research report on Tuesday.

Rémy Cointreau Stock Performance

REMYY stock traded down $0.08 on Friday, hitting $6.92. 78,999 shares of the company’s stock traded hands, compared to its average volume of 109,415. Rémy Cointreau has a 1-year low of $6.83 and a 1-year high of $13.99. The stock has a fifty day moving average of $7.80 and a 200-day moving average of $8.97. The company has a quick ratio of 0.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.28.

Rémy Cointreau Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Tuesday, July 23rd will be paid a $0.2149 dividend. The ex-dividend date is Tuesday, July 23rd.

Rémy Cointreau Company Profile

Rémy Cointreau SA, together with its subsidiaries, engages in the production, sale, and distribution of liqueurs and spirits. The company operates through Rémy Martin, Liqueurs & Spirits, and Partner Brands segments. It offers liqueurs, brandy, gin, single malt whisky, rum, wine, and champagne primarily under the Cointreau, Metaxa, St-Rémy, Mount Gay, Bruichladdich, Port Charlotte, Octomore, The Botanist, Westland, LOUIS XIII, and Domaine des Hautes Glaces brands.