Short Interest in Remy Cointreau (OTCMKTS:REMYY) Declines By 48.8%

Remy Cointreau (OTCMKTS:REMYY) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 3,907 shares, a drop of 48.8% from the June 30th total of 7,627 shares. Based on an average trading volume of 2,774 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.0% of the company’s stock are sold short.

Remy Cointreau Stock Performance

REMYY stock traded down $0.12 during mid-day trading on Thursday, hitting $5.54. The stock had a trading volume of 12,421 shares, compared to its average volume of 14,383. Remy Cointreau has a 1-year low of $3.98 and a 1-year high of $6.60. The company has a fifty day moving average of $4.91 and a 200 day moving average of $4.74. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 3.16.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group upgraded Remy Cointreau from a “sell” rating to a “neutral” rating in a report on Monday, June 8th. Barclays reiterated an “underweight” rating on shares of Remy Cointreau in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Remy Cointreau has a consensus rating of “Reduce”.

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.