Fevertree Drinks PLC (OTCMKTS:FQVTF – Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 30,983 shares, a decrease of 52.5% from the September 15th total of 65,219 shares. Based on an average daily volume of 2,402 shares, the days-to-cover ratio is currently 12.9 days.
Fevertree Drinks Stock Performance
FQVTF remained flat at $11.35 during midday trading on Wednesday. The company’s stock had a trading volume of 5,515 shares, compared to its average volume of 3,112. The company’s 50 day simple moving average is $11.19 and its 200-day simple moving average is $10.90. Fevertree Drinks has a 12-month low of $9.55 and a 12-month high of $13.05.
Fevertree Drinks Company Profile
Fever-Tree Drinks plc is a United Kingdom-based beverage company that develops and sells premium mixers and non-alcoholic drinks. Its portfolio includes tonic waters, ginger beers, ginger ales, sodas, lemonades and other cocktail mixers designed to complement spirits and other beverages.
The company was founded in 2005 by Charles Rolls and Tim Warrillow, with the Fever-Tree name referencing the cinchona tree, historically associated with quinine production. Fever-Tree was admitted to trading on the London Stock Exchange in 2014 and has built its brand around natural ingredients, distinctive flavors and premium positioning.
Fever-Tree products are sold through supermarkets, restaurants, bars, hotels and online retailers.
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