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

Rémy Cointreau SA (OTCMKTS:REMYY) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 5,000 shares, a decrease of 50.0% from the August 31st total of 10,000 shares. Based on an average daily trading volume, of 189,500 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, BNP Paribas downgraded Rémy Cointreau from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 10th.

Rémy Cointreau Stock Up 4.1 %

Shares of OTCMKTS REMYY traded up $0.30 during trading hours on Friday, hitting $7.79. The company had a trading volume of 18,852 shares, compared to its average volume of 74,390. Rémy Cointreau has a 1-year low of $6.70 and a 1-year high of $13.07. The firm’s 50 day moving average is $7.57 and its 200-day moving average is $8.71. The company has a current ratio of 2.50, a quick ratio of 0.40 and a debt-to-equity ratio of 0.28.

Rémy Cointreau Cuts Dividend

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

About Rémy Cointreau

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.