Short Interest in Remy Cointreau (OTCMKTS:REMYY) Grows By 64.7%

Remy Cointreau (OTCMKTS:REMYY) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 5,113 shares, an increase of 64.7% from the February 12th total of 3,105 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 25,647 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 25,647 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Remy Cointreau Stock Performance

Remy Cointreau stock traded down $0.04 during mid-day trading on Friday, hitting $4.21. 2,259 shares of the company’s stock were exchanged, compared to its average volume of 14,865. Remy Cointreau has a 1-year low of $4.05 and a 1-year high of $7.23. The stock has a 50 day moving average of $4.77 and a two-hundred day moving average of $4.97. The company has a current ratio of 2.79, a quick ratio of 0.39 and a debt-to-equity ratio of 0.31.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. UBS Group downgraded Remy Cointreau from a “hold” rating to a “sell” rating in a report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Remy Cointreau in a research note on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Remy Cointreau presently has an average rating of “Hold”.

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.