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

Remy Cointreau (OTCMKTS:REMYY) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 2,845 shares. Based on an average daily volume of 8,345 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein cut Remy Cointreau to a “market perform” rating in a report on Tuesday. Two 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”.

Remy Cointreau Trading Up 2.5%

REMYY stock opened at $5.61 on Friday. The company has a current ratio of 3.16, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $5.12 and a two-hundred day simple moving average of $4.88. Remy Cointreau has a 52-week low of $3.98 and a 52-week high of $5.82.

Remy Cointreau Company Profile

Rémy Cointreau is a France-based international spirits group that produces, markets and distributes premium and luxury alcoholic beverages. Its portfolio is organized around cognac, liqueurs, rum, whisky, gin, champagne and related spirits, with products sold through a combination of distributors, retailers, hospitality venues and e-commerce channels.

The company’s best-known brands include Rémy Martin and Louis XIII cognacs, Cointreau orange liqueur, Mount Gay rum, The Botanist gin, Bruichladdich and Westland whiskies, Metaxa Greek spirits, St-Rémy brandy and Telmont champagne.