Remy Cointreau (OTCMKTS:REMYY) Short Interest Up 52.9% in September

Key Points

• Remy Cointreau experienced a substantial increase in short interest in September, rising by 52.9% to 2,600 shares, compared to 1,700 shares at the end of August.
• The average analyst rating for Remy Cointreau is currently a "Moderate Buy," with one strong buy, one buy, one hold, and one sell rating from various analysts.
• Despite the increase in short interest, the company announced a dividend yield of 119.0%, with a dividend payment scheduled for October 16th.

Remy Cointreau (OTCMKTS:REMYY - Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,600 shares, an increase of 52.9% from the August 31st total of 1,700 shares. Based on an average daily volume of 23,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 23,000 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

REMYY has been the topic of a number of recent analyst reports. Morgan Stanley reissued an "underweight" rating on shares of Remy Cointreau in a report on Tuesday, August 12th. Citigroup reiterated a "buy" rating on shares of Remy Cointreau in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Remy Cointreau presently has an average rating of "Moderate Buy".

Remy Cointreau Stock Performance

Shares of REMYY stock opened at $5.62 on Tuesday. The company's fifty day moving average price is $5.90 and its 200-day moving average price is $5.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.32 and a current ratio of 2.76. Remy Cointreau has a 12 month low of $4.40 and a 12 month high of $7.27.

Remy Cointreau Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 16th. Shareholders of record on Monday, July 28th will be issued a $0.0723 dividend. This represents a yield of 119.0%. The ex-dividend date is Friday, July 25th.

About Remy Cointreau

Rémy Cointreau SA, together with its subsidiaries, engages in the production, sale, and distribution of liqueurs and spirits. It operates through Rémy Martin, Liqueurs & Spirits, and Partner Brands segments. The company offers cognacs, liqueurs, single malt whiskies, gins, rums, brandies, wines, and champagnes primarily under the Cointreau, Metaxa, St-Rémy, Mount Gay, Bruichladdich, The Botanist, Westland, Le Domaine des Hautes Glaces, Belle de Brillet, Telmont, Port Charlotte, Octomore, Rémy Martin, and LOUIS XIII brands.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.