Fevertree Drinks PLC (OTCMKTS:FQVTF – Get Free Report) was the recipient of a large decrease in short interest in 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 short-interest ratio is currently 12.9 days.
Fevertree Drinks Stock Performance
Shares of FQVTF remained flat at $11.35 on Wednesday. 5,515 shares of the company were exchanged, compared to its average volume of 3,112. The company’s 50-day moving average price is $11.19 and its 200 day moving average price is $10.90. Fevertree Drinks has a one year low of $9.55 and a one year 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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