Remy Cointreau (OTCMKTS:REMYY) Short Interest Up 377.0% in July

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 large growth in short interest in the month of July. As of July 15th, there was short interest totaling 29,100 shares, agrowthof377.0% from the June 30th total of 6,100 shares. Based on an average trading volume of 33,900 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 33,900 shares, the short-interest ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

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

Remy Cointreau Price Performance

OTCMKTS REMYY traded up $0.18 during trading hours on Thursday, hitting $6.16. 29,122 shares of the company's stock traded hands, compared to its average volume of 52,908. The company has a quick ratio of 0.32, a current ratio of 2.76 and a debt-to-equity ratio of 0.29. The firm's 50-day moving average is $5.78 and its 200-day moving average is $5.38. Remy Cointreau has a 52-week low of $4.40 and a 52-week high of $8.25.

Remy Cointreau Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, July 28th will be paid a $0.0723 dividend. This represents a dividend 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.