Fevertree Drinks PLC (OTCMKTS:FQVTF – Get Free Report) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 30,983 shares, a decline of 52.5% from the September 15th total of 65,219 shares. Based on an average daily volume of 2,402 shares, the short-interest ratio is currently 12.9 days.
Fevertree Drinks Stock Up 3.9%
OTCMKTS:FQVTF opened at $11.79 on Friday. The firm’s fifty day simple moving average is $11.19 and its 200-day simple moving average is $10.92. Fevertree Drinks has a fifty-two week low of $9.55 and a fifty-two week high of $13.05.
About Fevertree Drinks
Fever-Tree Drinks plc is a United Kingdom-based beverage company that develops and sells premium mixers and non-alcoholic drinks. Its portfolio includes tonic waters, ginger beers, ginger ales, sodas, lemonades and other cocktail mixers designed to complement spirits and other beverages.
The company was founded in 2005 by Charles Rolls and Tim Warrillow, with the Fever-Tree name referencing the cinchona tree, historically associated with quinine production. Fever-Tree was admitted to trading on the London Stock Exchange in 2014 and has built its brand around natural ingredients, distinctive flavors and premium positioning.
Fever-Tree products are sold through supermarkets, restaurants, bars, hotels and online retailers.
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