Short Interest in Roots Co. (OTCMKTS:RROTF) Rises By ∞

Roots Co. (OTCMKTS:RROTF) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 148 shares, a growth of ∞ from the May 31st total of 0 shares. Based on an average trading volume of 1,149 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, TD Securities reiterated a “hold” rating on shares of Roots in a research report on Monday, June 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Roots presently has a consensus rating of “Hold”.

Roots Price Performance

Shares of OTCMKTS:RROTF remained flat at $3.00 during midday trading on Thursday. The firm’s 50 day moving average is $2.94 and its 200 day moving average is $2.56. Roots has a twelve month low of $1.96 and a twelve month high of $3.23.

About Roots

Roots Corporation is a Canadian apparel and lifestyle brand known for its premium casual wear, leather goods and accessories. Founded in 1973 by Michael Budman and Don Green, the company built its reputation on high-quality craftsmanship and understated design. Over time, Roots has expanded its product offerings to include clothing for men, women and youth, as well as footwear, leather handbags, travel bags and small leather accessories such as wallets and belts.

Operating a vertically integrated model, Roots oversees design, sourcing, manufacturing and distribution to maintain control over quality and costs.