Short Interest in Remy Cointreau (OTCMKTS:REMYY) Declines By 76.1%

Remy Cointreau (OTCMKTS:REMYY) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 3,891 shares, a decline of 76.1% from the July 30th total of 16,272 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 7,308 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Remy Cointreau from a “sell” rating to a “neutral” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Remy Cointreau currently has an average rating of “Reduce”.

Remy Cointreau Price Performance

Shares of OTCMKTS REMYY opened at $5.28 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.16 and a quick ratio of 0.34. The company’s fifty day moving average price is $5.15 and its 200 day moving average price is $4.83. Remy Cointreau has a 1 year low of $3.98 and a 1 year high of $6.23.

Remy Cointreau Company Profile

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.