Fevertree Drinks PLC (OTCMKTS:FQVTF – Get Rating) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 796,000 shares, a growth of 6.5% from the March 31st total of 747,600 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 796.0 days.
Fevertree Drinks Stock Performance
Shares of OTCMKTS FQVTF opened at $16.94 on Tuesday. The stock's 50-day moving average is $14.43 and its two-hundred day moving average is $13.33. Fevertree Drinks has a 1-year low of $8.81 and a 1-year high of $22.55.
Get Fevertree Drinks alerts:Analysts Set New Price Targets
FQVTF has been the subject of several recent research reports. Royal Bank of Canada reduced their price target on Fevertree Drinks from GBX 800 ($10.00) to GBX 100 ($1.25) in a research report on Monday, April 3rd. Berenberg Bank boosted their price objective on Fevertree Drinks from GBX 1,000 ($12.49) to GBX 1,150 ($14.37) in a research report on Thursday, January 19th. Barclays boosted their price objective on Fevertree Drinks from GBX 990 ($12.37) to GBX 1,310 ($16.37) in a research report on Friday, March 24th. Deutsche Bank Aktiengesellschaft dropped their price target on Fevertree Drinks from GBX 780 ($9.75) to GBX 640 ($8.00) in a research report on Tuesday, January 31st. Finally, Liberum Capital cut Fevertree Drinks from a "buy" rating to a "hold" rating in a research report on Thursday, January 26th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $994.29.
About Fevertree Drinks
(Get Rating)
Fevertree Drinks Plc operates as a holding and investment company. It manufactures and supplies premium carbonated mixes. The firm's products include Indian tonic water, Mediterranean tonic water, elderflower tonic water, aromatic tonic water, Clementine tonic water, citrus tonic water lemon tonic water, ginger beer, ginger ale, smoky ginger ale, spiced orange ginger ale, Madagascan cola, Sicilian lemonade, lemonade, and spring soda water.
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