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

Roots Co. (OTCMKTS:RROTF) was the recipient of a large increase in short interest in 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 trading volume of 40 shares, the short-interest ratio is currently 12.5 days.

Analyst Ratings Changes

Several brokerages have weighed in on RROTF. TD Cowen cut Roots to a “sell” rating in a research note on Thursday, August 20th. TD Securities restated a “hold” rating on shares of Roots in a research note on Monday, June 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Roots Stock Performance

OTCMKTS:RROTF opened at $2.63 on Tuesday. The business has a 50 day moving average of $2.62 and a 200 day moving average of $2.65. Roots has a 1-year low of $1.96 and a 1-year high of $3.23.

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.