Roots Co. (OTCMKTS:RROTF) Short Interest Update

Roots Co. (OTCMKTS:RROTF) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 200 shares, an increase of 100.0% from the June 30th total of 100 shares. Based on an average daily trading volume, of 220 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analyst Weigh In

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

Roots Price Performance

Shares of RROTF opened at $2.36 on Wednesday. Roots has a 1-year low of $1.96 and a 1-year high of $3.23. The firm’s 50-day moving average price is $2.84 and its 200-day moving average price is $2.60.

Roots Company Profile

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.