Short Interest in Remy Cointreau (OTCMKTS:REMYY) Expands By 377.0%

Key Points

• Short interest in Remy Cointreau has surged by 377.0%, increasing from 6,100 shares on June 30th to 29,100 shares by July 15th.
• The company announced a dividend cut, with a payment of $0.0723 per share scheduled for October 16th, reflecting a dividend yield of 119.0%.
• Barclays upgraded Remy Cointreau from a "strong sell" to a "hold" rating, indicating a shift in analyst sentiment.

Remy Cointreau (OTCMKTS:REMYY - Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 29,100 shares, anincreaseof377.0% from the June 30th total of 6,100 shares. Based on an average daily volume of 33,900 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 33,900 shares, the days-to-cover ratio is presently 0.9 days.

Remy Cointreau Stock Up 0.3%

OTCMKTS:REMYY opened at $5.93 on Friday. Remy Cointreau has a twelve month low of $4.40 and a twelve month high of $8.25. The stock has a fifty day simple moving average of $5.74 and a 200-day simple moving average of $5.38. The company has a current ratio of 2.76, a quick ratio of 0.32 and a debt-to-equity ratio of 0.29.

Remy Cointreau Cuts Dividend

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

Analyst Upgrades and Downgrades

Separately, Barclays upgraded Remy Cointreau from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 1st.

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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