Rémy Cointreau SA (OTCMKTS:REMYY) Short Interest Down 51.3% in March

Rémy Cointreau SA (OTCMKTS:REMYY) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 5,600 shares, a drop of 51.3% from the March 15th total of 11,500 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 73,100 shares, the days-to-cover ratio is presently 0.1 days.

Rémy Cointreau Stock Up 2.7 %

REMYY stock traded up $0.13 during midday trading on Friday, reaching $4.99. The company had a trading volume of 25,263 shares, compared to its average volume of 90,950. The company has a 50 day moving average of $4.96 and a two-hundred day moving average of $5.70. Rémy Cointreau has a 1 year low of $4.40 and a 1 year high of $10.38.

Analysts Set New Price Targets

REMYY has been the subject of a number of research reports. Berenberg Bank raised Rémy Cointreau to a “strong-buy” rating in a research note on Wednesday, April 2nd. Barclays reissued an “underweight” rating on shares of Rémy Cointreau in a research note on Monday.

About Rémy 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.