Remy Cointreau (OTCMKTS:REMYY) Sees Large Decline in Short Interest

Remy Cointreau (OTCMKTS:REMYY) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 100 shares, a decline of 99.0% from the January 15th total of 10,445 shares. Based on an average daily volume of 28,314 shares, the short-interest ratio is currently 0.0 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 daily volume of 28,314 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on REMYY. The Goldman Sachs Group downgraded Remy Cointreau to a “neutral” rating in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Remy Cointreau in a research note on Friday, November 28th. Finally, UBS Group cut Remy Cointreau from a “hold” rating to a “sell” rating in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Remy Cointreau has an average rating of “Hold”.

Remy Cointreau Trading Up 4.5%

Shares of OTCMKTS:REMYY traded up $0.23 during trading on Tuesday, hitting $5.36. 24,149 shares of the company were exchanged, compared to its average volume of 10,206. Remy Cointreau has a 1-year low of $4.05 and a 1-year 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 business’s 50 day moving average is $4.51 and its 200-day moving average is $5.16.

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.