Fevertree Drinks PLC (OTCMKTS:FQVTF) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 358,900 shares, an increase of 42.6% from the August 31st total of 251,600 shares. Based on an average daily trading volume, of 500 shares, the short-interest ratio is currently 717.8 days.
Several brokerages have recently issued reports on FQVTF. Barclays began coverage on shares of Fevertree Drinks in a research note on Monday, July 13th. They issued an “overweight” rating on the stock. Liberum Capital reissued a “buy” rating on shares of Fevertree Drinks in a report on Tuesday, July 28th. Berenberg Bank reissued a “buy” rating on shares of Fevertree Drinks in a report on Thursday, September 17th. Royal Bank of Canada raised shares of Fevertree Drinks from a “sector perform” rating to an “outperform” rating in a report on Monday, June 22nd. Finally, Morgan Stanley started coverage on shares of Fevertree Drinks in a report on Tuesday, September 22nd. They set an “equal weight” rating for the company. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Fevertree Drinks currently has a consensus rating of “Hold”.
Shares of FQVTF stock opened at $29.85 on Friday. Fevertree Drinks has a 12 month low of $10.30 and a 12 month high of $31.00. The company has a 50 day simple moving average of $28.63 and a two-hundred day simple moving average of $23.99.
About Fevertree Drinks
Fevertree Drinks Plc, together with its subsidiaries, develops and supplies premium mixer drinks in the United Kingdom, the United States, Europe, and internationally. The company’s products include Indian tonic water, Mediterranean tonic water, elderflower tonic water, aromatic tonic water, Clementine tonic water, lemon tonic water, ginger beer, ginger ale, Madagascan cola, Sicilian lemonade, lemonade, and spring soda water.
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