Remy Cointreau (OTCMKTS:REMYY) Shares Shorted: Short Interest Up 46.7% in September

Remy Cointreau (OTCMKTS:REMYY) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 5,708 shares, a growth of 46.7% from the August 31st total of 3,891 shares. Based on an average trading volume of 7,701 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company’s shares are sold short.

Remy Cointreau Price Performance

REMYY remained flat at $4.92 during trading on Thursday. 1,004 shares of the company’s stock were exchanged, compared to its average volume of 3,821. The firm has a fifty day moving average of $5.15 and a two-hundred day moving average of $4.84. Remy Cointreau has a 12-month low of $3.98 and a 12-month 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.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised Remy Cointreau from a “sell” rating to a “neutral” rating in a report on Monday, June 8th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

About Remy Cointreau

Rémy Cointreau is a France-based spirits group that develops, produces and distributes premium and luxury alcoholic beverages. Its portfolio is centered on cognac, liqueurs, rum, whisky, champagne and other specialty spirits, with products marketed through a combination of owned brands and international distribution networks.

The company’s best-known brands include Rémy Martin cognac, including the Louis XIII luxury cognac, and Cointreau orange liqueur. Its broader portfolio includes Mount Gay rum, Bruichladdich, The Botanist and Port Charlotte whiskies and gin, Metaxa Greek spirits, St-Rémy brandy, Telmont champagne, and Domaine des Hautes Glaces whisky.