Remy Cointreau (OTCMKTS:REMYY) Sees Large Increase in Short Interest

Remy Cointreau (OTCMKTS:REMYY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,845 shares. Based on an average daily volume of 8,345 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Remy Cointreau Stock Up 2.5%

REMYY opened at $5.61 on Friday. Remy Cointreau has a 52 week low of $3.98 and a 52 week high of $5.82. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 3.16. The business has a fifty day simple moving average of $5.12 and a 200-day simple moving average of $4.88.

Analyst Ratings Changes

Separately, Sanford C. Bernstein downgraded shares of Remy Cointreau to a “market perform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Remy Cointreau currently has an average rating of “Reduce”.

Remy Cointreau Company Profile

Rémy Cointreau is a France-based international spirits group that produces, markets and distributes premium and luxury alcoholic beverages. Its portfolio is organized around cognac, liqueurs, rum, whisky, gin, champagne and related spirits, with products sold through a combination of distributors, retailers, hospitality venues and e-commerce channels.

The company’s best-known brands include Rémy Martin and Louis XIII cognacs, Cointreau orange liqueur, Mount Gay rum, The Botanist gin, Bruichladdich and Westland whiskies, Metaxa Greek spirits, St-Rémy brandy and Telmont champagne.