Rémy Cointreau SA (OTCMKTS:REMYY) Short Interest Down 63.8% in May

Rémy Cointreau SA (OTCMKTS:REMYYGet Rating) was the target of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 1,700 shares, a drop of 63.8% from the May 15th total of 4,700 shares. Based on an average daily volume of 64,100 shares, the days-to-cover ratio is currently 0.0 days.

A number of equities research analysts recently issued reports on the stock. Exane BNP Paribas raised shares of Rémy Cointreau from a “neutral” rating to an “outperform” rating in a research note on Monday, March 14th. Societe Generale raised shares of Rémy Cointreau from a “sell” rating to a “hold” rating in a research note on Tuesday. Sanford C. Bernstein raised shares of Rémy Cointreau from an “underperform” rating to a “market perform” rating in a research note on Friday, May 27th. Barclays lifted their price target on shares of Rémy Cointreau from €294.00 ($316.13) to €313.00 ($336.56) and gave the company an “overweight” rating in a research note on Tuesday, May 3rd. Finally, Credit Suisse Group lifted their price target on shares of Rémy Cointreau from €180.00 ($193.55) to €200.00 ($215.05) in a research note on Monday, April 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $197.29.

OTCMKTS REMYY opened at $17.33 on Friday. Rémy Cointreau has a 52 week low of $17.01 and a 52 week high of $24.72. The company has a current ratio of 2.27, a quick ratio of 0.47 and a debt-to-equity ratio of 0.21. The business’s fifty day simple moving average is $19.12 and its 200-day simple moving average is $20.64.

About Rémy Cointreau (Get Rating)

Rémy Cointreau SA, together with its subsidiaries, produces and distributes liqueurs and spirits. The company operates through Rémy Martin, Liqueurs & Spirits, and Partner Brands segments. It offers liqueurs, brandy, gin, single malt whisky, rum, wine, and champagne primarily under the Cointreau, Metaxa, St-Rémy, Mount Gay, Bruichladdich, Port Charlotte, Octomore, The Botanist, Westland, LOUIS XIII, and Domaine des Hautes Glaces brands.

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