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

Rémy Cointreau SA (OTCMKTS:REMYY - Get Free Report) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 5,600 shares, a drop of 51.3% from the March 15th total of 11,500 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 73,100 shares, the days-to-cover ratio is currently 0.1 days.

Rémy Cointreau Stock Up 2.7 %

OTCMKTS REMYY traded up $0.13 on Monday, hitting $4.99. 25,263 shares of the company were exchanged, compared to its average volume of 90,950. Rémy Cointreau has a 1-year low of $4.40 and a 1-year high of $10.38. The firm has a 50 day moving average of $4.96 and a two-hundred day moving average of $5.66.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Berenberg Bank raised Rémy Cointreau to a "strong-buy" rating in a research report on Wednesday, April 2nd. Barclays reissued an "underweight" rating on shares of Rémy Cointreau in a research note on Monday, April 14th.

About Rémy 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.