Short Interest in Remy Cointreau (OTCMKTS:REMYY) Expands By 52.9%

Remy Cointreau (OTCMKTS:REMYY) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 2,600 shares, a growth of 52.9% from the August 31st total of 1,700 shares. Based on an average daily volume of 23,000 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 23,000 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

A number of brokerages have commented on REMYY. Citigroup reaffirmed a “buy” rating on shares of Remy Cointreau in a report on Wednesday, September 3rd. Morgan Stanley reaffirmed an “underweight” rating on shares of Remy Cointreau in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Remy Cointreau currently has an average rating of “Moderate Buy”.

Remy Cointreau Price Performance

REMYY opened at $5.38 on Wednesday. Remy Cointreau has a 1-year low of $4.40 and a 1-year high of $7.23. The company has a 50 day simple moving average of $5.88 and a two-hundred day simple moving average of $5.56. The company has a current ratio of 2.76, a quick ratio of 0.32 and a debt-to-equity ratio of 0.29.

Remy Cointreau Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 16th. Investors of record on Monday, July 28th will be paid a dividend of $0.0723 per share. This represents a yield of 119.0%. The ex-dividend date of this dividend is Friday, July 25th.

About Remy Cointreau

Rémy Cointreau SA, together with its subsidiaries, engages in the production, sale, and distribution of liqueurs and spirits. It operates through Rémy Martin, Liqueurs & Spirits, and Partner Brands segments. The company offers cognacs, liqueurs, single malt whiskies, gins, rums, brandies, wines, and champagnes primarily under the Cointreau, Metaxa, St-Rémy, Mount Gay, Bruichladdich, The Botanist, Westland, Le Domaine des Hautes Glaces, Belle de Brillet, Telmont, Port Charlotte, Octomore, Rémy Martin, and LOUIS XIII brands.