Rémy Cointreau SA (OTCMKTS:REMYY) saw a large decline in short interest in May. As of May 14th, there was short interest totalling 2,300 shares, a decline of 79.1% from the April 29th total of 11,000 shares. Based on an average daily trading volume, of 17,300 shares, the days-to-cover ratio is presently 0.1 days.
Shares of OTCMKTS:REMYY remained flat at $$21.07 during trading on Thursday. 8,523 shares of the stock were exchanged, compared to its average volume of 10,479. The business’s 50 day moving average is $20.27 and its two-hundred day moving average is $19.04. The company has a current ratio of 2.80, a quick ratio of 0.60 and a debt-to-equity ratio of 0.31. Rémy Cointreau has a 12 month low of $11.33 and a 12 month high of $21.24. The stock has a market capitalization of $10.64 billion, a PE ratio of 78.04 and a beta of 0.21.
Several brokerages have recently commented on REMYY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Rémy Cointreau in a research report on Monday, April 26th. Barclays restated an “equal weight” rating on shares of Rémy Cointreau in a research report on Monday, April 26th. Credit Suisse Group reaffirmed an “underperform” rating on shares of Rémy Cointreau in a report on Thursday, March 25th. Zacks Investment Research lowered shares of Rémy Cointreau from a “buy” rating to a “hold” rating in a report on Thursday, May 6th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Rémy Cointreau in a report on Monday, April 26th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $93.00.
Rémy Cointreau Company Profile
Rémy Cointreau SA, together with its subsidiaries, produces and distributes liqueurs and spirits. The company operates through Rémy Martin, Liqueurs & Spirits, and Partner Brands segments. It offers liqueurs and spirits primarily under the Cointreau, Metaxa, St-Rémy, Mount Gay, Bruichladdich, Port Charlotte, Octomore, The Botanist, Westland, LOUIS XIII, and Domaine des Hautes Glaces brands.
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