Roots Co. (OTCMKTS:RROTF – Get Free Report) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 148 shares, an increase of ? from the May 31st total of 0 shares. Based on an average daily volume of 1,149 shares, the days-to-cover ratio is currently 0.1 days.
Roots Stock Performance
OTCMKTS RROTF opened at $3.00 on Wednesday. The company has a fifty day moving average of $2.93 and a two-hundred day moving average of $2.56. Roots has a 1 year low of $1.96 and a 1 year high of $3.23.
Analyst Ratings Changes
Separately, TD Securities restated a “hold” rating on shares of Roots in a research report on Monday, June 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
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.
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