RENISHAW PLC 20 (OTCMKTS:RNSHF) Short Interest Update

RENISHAW PLC 20 (OTCMKTS:RNSHF) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 83 shares, a drop of 97.5% from the August 31st total of 3,316 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 39 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised shares of RENISHAW PLC 20 from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, RENISHAW PLC 20 currently has an average rating of “Strong Buy”.

RENISHAW PLC 20 Stock Performance

Shares of RNSHF remained flat at $67.06 during mid-day trading on Thursday. RENISHAW PLC 20 has a 12-month low of $42.18 and a 12-month high of $73.71. The company’s 50-day simple moving average is $68.32 and its two-hundred day simple moving average is $66.10.

About RENISHAW PLC 20

Renishaw plc is a United Kingdom-based engineering and technology company that develops precision measurement, manufacturing and healthcare solutions. Its products are used by manufacturers, research organizations and medical professionals in applications requiring high levels of accuracy, process control and automation.

The company’s manufacturing technologies include coordinate-measuring machine systems, machine-tool probing and inspection equipment, position encoders, calibration and gauging systems, and Raman spectroscopy products.