Fevertree Drinks PLC (OTCMKTS:FQVTF – Get Rating) was the target of a large increase in short interest in August. As of August 15th, there was short interest totalling 692,900 shares, an increase of 9.3% from the July 31st total of 633,700 shares. Based on an average daily trading volume, of 14,700 shares, the short-interest ratio is currently 47.1 days.
Fevertree Drinks Stock Performance
OTCMKTS FQVTF opened at $10.69 on Thursday. Fevertree Drinks has a 52-week low of $10.40 and a 52-week high of $37.36. The firm has a 50-day moving average of $13.37 and a 200-day moving average of $18.90.
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Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered Fevertree Drinks from a "buy" rating to a "hold" rating in a research report on Monday, July 18th. Barclays downgraded Fevertree Drinks from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, July 19th. UBS Group decreased their target price on Fevertree Drinks from GBX 2,660 ($32.14) to GBX 1,360 ($16.43) in a research note on Thursday, July 21st. Redburn Partners raised Fevertree Drinks from a "sell" rating to a "neutral" rating in a report on Tuesday, July 5th. Finally, Royal Bank of Canada cut Fevertree Drinks from a "sector perform" rating to an "underperform" rating in a report on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $1,798.89.
Fevertree Drinks Company Profile
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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, Clementine tonic water, ginger beer, ginger ale, and cola distillers.
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