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

Remy Cointreau (OTCMKTS:REMYY) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 10,445 shares, a growth of 11,011.7% from the December 31st total of 94 shares. Based on an average trading volume of 39,745 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 39,745 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

Several analysts recently commented on REMYY shares. UBS Group cut Remy Cointreau from a “hold” rating to a “sell” rating in a research report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Remy Cointreau in a research report on Friday, November 28th. Finally, The Goldman Sachs Group lowered shares of Remy Cointreau to a “neutral” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Remy Cointreau Price Performance

Shares of REMYY opened at $4.60 on Wednesday. Remy Cointreau has a 52-week low of $4.05 and a 52-week high of $7.23. The company has a quick ratio of 0.39, a current ratio of 2.79 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $4.43 and a two-hundred day simple moving average of $5.27.

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.