Rémy Cointreau SA (OTCMKTS:REMYF) Sees Significant Growth in Short Interest

Rémy Cointreau SA (OTCMKTS:REMYF) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 47,900 shares, an increase of 26.4% from the November 30th total of 37,900 shares. Based on an average trading volume of 300 shares, the short-interest ratio is currently 159.7 days.

Rémy Cointreau Stock Up 3.3 %

Shares of REMYF stock traded up $1.95 during trading hours on Tuesday, reaching $61.65. The stock had a trading volume of 39 shares, compared to its average volume of 328. The firm has a 50-day simple moving average of $61.88 and a 200-day simple moving average of $72.11. Rémy Cointreau has a twelve month low of $57.18 and a twelve month high of $121.96.

Analysts Set New Price Targets

Several equities research analysts have commented on REMYF shares. BNP Paribas downgraded shares of Rémy Cointreau from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Rémy Cointreau in a report on Monday, September 9th.

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.