Fevertree Drinks PLC (OTCMKTS:FQVTF) Sees Significant Decline in Short Interest

Fevertree Drinks PLC (OTCMKTS:FQVTF) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 17,224 shares, a decrease of 89.8% from the January 29th total of 168,286 shares. Based on an average daily trading volume, of 10,802 shares, the short-interest ratio is currently 1.6 days. Based on an average daily trading volume, of 10,802 shares, the short-interest ratio is currently 1.6 days.

Fevertree Drinks Stock Up 2.1%

OTCMKTS:FQVTF traded up $0.26 during mid-day trading on Wednesday, reaching $12.80. The stock had a trading volume of 1,777 shares, compared to its average volume of 2,101. Fevertree Drinks has a 1-year low of $8.50 and a 1-year high of $13.45. The stock’s 50 day simple moving average is $11.74 and its two-hundred day simple moving average is $11.35.

Wall Street Analysts Forecast Growth

FQVTF has been the topic of several recent analyst reports. Barclays upgraded Fevertree Drinks from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, February 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Fevertree Drinks in a research report on Tuesday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Fevertree Drinks presently has an average rating of “Moderate Buy”.

Fevertree Drinks Company Profile

Fevertree Drinks is a London-based producer of premium beverage mixers, best known for its tonic waters, ginger beers and soda waters. The company focuses on crafting high-quality mixers using natural ingredients, positioning its products as artisanal complements to spirits such as gin, vodka and whiskey. Its offerings are designed to deliver a distinctive taste experience and cater to a growing consumer preference for premium, naturally-sourced beverages.

Founded in 2005 by Tim Warrillow and Charles Rolls, Fevertree was born out of a shared vision to elevate the mixer category through better ingredients and flavor.