Short Interest in Remy Cointreau (OTCMKTS:REMYY) Grows By 88.3%

Remy Cointreau (OTCMKTS:REMYY) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 7,627 shares, a growth of 88.3% from the June 15th total of 4,050 shares. Based on an average daily volume of 26,246 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Remy Cointreau Stock Performance

REMYY opened at $5.18 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. Remy Cointreau has a 12-month low of $3.98 and a 12-month high of $7.23. The business’s fifty day simple moving average is $4.83 and its 200-day simple moving average is $4.68.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Barclays restated an “underweight” rating on shares of Remy Cointreau in a research report on Thursday, April 9th. UBS Group raised Remy Cointreau from a “sell” rating to a “neutral” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

About Remy Cointreau

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.