Short Interest in Remy Cointreau (OTCMKTS:REMYY) Drops By 92.3%

Key Points

• Short interest in Remy Cointreau (OTCMKTS:REMYY) decreased dramatically by 92.3% in September, dropping from 2,600 shares to just 200 shares as of September 30th.
• The stock price of Remy Cointreau showed a slight increase, trading at $5.34 and having a 52-week range between $4.40 and $7.23.
• Analysts have mixed views on the company's stock, with ratings ranging from Strong Buy to Sell, resulting in an overall rating of "Moderate Buy."

Remy Cointreau (OTCMKTS:REMYY - Get Free Report) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 200 shares, a drop of 92.3% from the September 15th total of 2,600 shares. Based on an average daily trading volume, of 38,400 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 38,400 shares, the days-to-cover ratio is presently 0.0 days.

Remy Cointreau Price Performance

OTCMKTS REMYY traded up $0.24 during mid-day trading on Thursday, hitting $5.34. The stock had a trading volume of 10,556 shares, compared to its average volume of 43,149. Remy Cointreau has a 52-week low of $4.40 and a 52-week high of $7.23. The company has a 50 day simple moving average of $5.78 and a 200 day simple moving average of $5.57. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.32 and a current ratio of 2.76.

Analysts Set New Price Targets

Several analysts have recently commented on REMYY shares. Morgan Stanley reissued an "underweight" rating on shares of Remy Cointreau in a report on Tuesday, August 12th. Citigroup reaffirmed a "buy" rating on shares of Remy Cointreau in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy".

Remy Cointreau Company Profile

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.

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