Fevertree Drinks PLC (OTCMKTS:FQVTF – Get Rating) saw a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 692,900 shares, a growth of 9.3% from the July 31st total of 633,700 shares. Based on an average daily trading volume, of 14,700 shares, the days-to-cover ratio is presently 47.1 days.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. Royal Bank of Canada lowered shares of Fevertree Drinks from a "sector perform" rating to an "underperform" rating in a research report on Friday, July 22nd. Barclays cut shares of Fevertree Drinks from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft cut shares of Fevertree Drinks from a "buy" rating to a "hold" rating in a research note on Monday, July 18th. Societe Generale raised shares of Fevertree Drinks from a "sell" rating to a "hold" rating in a research note on Wednesday, July 20th. Finally, UBS Group lowered their target price on shares of Fevertree Drinks from GBX 2,660 ($32.14) to GBX 1,360 ($16.43) in a research note on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Fevertree Drinks presently has a consensus rating of "Hold" and an average price target of $1,798.89.
Get Fevertree Drinks alerts:Fevertree Drinks Stock Up 0.6 %
FQVTF traded up $0.06 on Tuesday, hitting $10.78. The company had a trading volume of 750 shares, compared to its average volume of 3,185. Fevertree Drinks has a 1 year low of $10.40 and a 1 year high of $37.36. The company's fifty day moving average price is $13.61 and its 200 day moving average price is $19.02.
Fevertree Drinks Company Profile
(Get Rating)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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