Rémy Cointreau SA (OTCMKTS:REMYY) Short Interest Up 161.3% in December

Rémy Cointreau SA (OTCMKTS:REMYY) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 19,600 shares, a growth of 161.3% from the December 15th total of 7,500 shares. Based on an average daily volume of 15,900 shares, the days-to-cover ratio is currently 1.2 days.

A number of brokerages recently issued reports on REMYY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rémy Cointreau in a research report on Friday, November 26th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Rémy Cointreau in a research report on Monday, October 25th. Berenberg Bank reaffirmed a “hold” rating on shares of Rémy Cointreau in a research report on Monday, November 29th. Morgan Stanley reaffirmed an “underweight” rating on shares of Rémy Cointreau in a research report on Friday, October 29th. Finally, Zacks Investment Research raised Rémy Cointreau from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Saturday, January 1st. Four analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $24.22.

Shares of Rémy Cointreau stock opened at $21.38 on Friday. Rémy Cointreau has a one year low of $17.11 and a one year high of $24.72. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.27 and a quick ratio of 0.47. The business has a 50-day simple moving average of $22.84 and a 200-day simple moving average of $21.31.

About Rémy Cointreau

Rémy Cointreau SA engages in the manufacture and sale of cognac, liqueurs, and spirits. Its products include rum, brandy, scotches, and whiskies. It distributes its products under the following brands: Rémy Martin, Mount Gay, Saint Rémy, Metaxa, Cointreau, Passoa, Bruichladdich, Port Charlotte, and Octopus.

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