Short Interest in Rémy Cointreau SA (OTCMKTS:REMYY) Decreases By 50.0%

Rémy Cointreau SA (OTCMKTS:REMYY) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 5,000 shares, a decrease of 50.0% from the August 31st total of 10,000 shares. Based on an average trading volume of 189,500 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, BNP Paribas downgraded Rémy Cointreau from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 10th.

Rémy Cointreau Price Performance

OTCMKTS:REMYY traded up $0.30 during midday trading on Friday, reaching $7.79. The stock had a trading volume of 18,852 shares, compared to its average volume of 74,390. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.40 and a current ratio of 2.50. Rémy Cointreau has a 12-month low of $6.70 and a 12-month high of $13.07. The firm has a fifty day simple moving average of $7.57 and a two-hundred day simple moving average of $8.71.

Rémy Cointreau Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, October 16th. Investors of record on Tuesday, July 23rd will be issued a dividend of $0.2149 per share. The ex-dividend date of this dividend is Tuesday, July 23rd.

About Rémy Cointreau

Rémy Cointreau SA, together with its subsidiaries, engages in the production, sale, and distribution of liqueurs and spirits. The company operates through Rémy Martin, Liqueurs & Spirits, and Partner Brands segments. It offers liqueurs, brandy, gin, single malt whisky, rum, wine, and champagne primarily under the Cointreau, Metaxa, St-Rémy, Mount Gay, Bruichladdich, Port Charlotte, Octomore, The Botanist, Westland, LOUIS XIII, and Domaine des Hautes Glaces brands.