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.
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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