Fevertree Drinks PLC (OTCMKTS:FQVTF) Short Interest Update

Fevertree Drinks PLC (OTCMKTS:FQVTFGet Rating) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 747,500 shares, an increase of 7.9% from the August 15th total of 692,900 shares. Based on an average daily trading volume, of 7,600 shares, the short-interest ratio is currently 98.4 days.

Fevertree Drinks Stock Performance

FQVTF stock opened at $9.95 on Tuesday. The firm has a 50 day simple moving average of $11.94 and a 200 day simple moving average of $17.38. Fevertree Drinks has a 52 week low of $9.95 and a 52 week high of $37.36.

Analyst Ratings Changes

Several brokerages have issued reports on FQVTF. HSBC downgraded shares of Fevertree Drinks from a “buy” rating to a “reduce” rating in a report on Tuesday, July 19th. Jefferies Financial Group lowered shares of Fevertree Drinks from a “buy” rating to a “hold” rating in a research report on Monday, July 18th. Morgan Stanley dropped their price objective on shares of Fevertree Drinks from GBX 1,600 ($19.33) to GBX 1,200 ($14.50) in a research report on Tuesday, August 16th. UBS Group decreased 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Fevertree Drinks from GBX 1,600 ($19.33) to GBX 1,100 ($13.29) in a research note on Tuesday, July 26th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $1,473.89.

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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