Roots Co. (OTCMKTS:RROTF) Sees Large Growth in Short Interest

Roots Co. (OTCMKTS:RROTF) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 500 shares, an increase of 66.7% from the July 30th total of 300 shares. Based on an average daily trading volume, of 40 shares, the short-interest ratio is presently 12.5 days.

Analysts Set New Price Targets

A number of research firms have commented on RROTF. TD Cowen lowered Roots to a “sell” rating in a research note on Thursday, August 20th. 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 and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Roots Price Performance

OTCMKTS RROTF remained flat at $2.63 on Monday. The firm’s fifty day moving average is $2.63 and its two-hundred day moving average is $2.64. Roots has a twelve month low of $1.96 and a twelve month high of $3.23.

Key Headlines Impacting Roots

Here are the key news stories impacting Roots this week:

• Neutral Sentiment: Multiple reports focus on Joe Root surpassing Ricky Ponting as England’s leading Test run-scorer at home and matching Virat Kohli’s World Test Championship record. These sports milestones have no apparent connection to Roots Co. or its investment outlook. Joe Root surpasses Ricky Ponting to become England’s highest Test run-scorer at home
• Neutral Sentiment: Other articles discuss Root’s recent lean scoring, including his explanations involving umpire decisions and the harder Dukes cricket-ball seam, as well as his confidence in correcting the issue. This is unrelated to Roots Co.’s business. Joe Root claims harder Dukes seam is at root of lbw struggles
• Neutral Sentiment: Coverage of England’s series victory over Pakistan and Root’s call for the team to build a lasting legacy is sports-related and does not identify any new information relevant to Roots Co. shareholders. Joe Root challenges England to create a legacy

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.