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

Roots Co. (OTCMKTS:RROTF) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 23 shares. Based on an average daily trading volume, of 25 shares, the days-to-cover ratio is presently 0.9 days.

Roots Price Performance

OTCMKTS RROTF opened at $2.88 on Wednesday. The company has a fifty day simple moving average of $2.66 and a two-hundred day simple moving average of $2.76. Roots has a 12-month low of $1.96 and a 12-month high of $3.23.

Analysts Set New Price Targets

Separately, TD Cowen lowered Roots to a “sell” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

About Roots

Roots Corporation is a Canadian lifestyle brand that designs, manufactures and sells apparel, leather goods, footwear and accessories. Its product offerings include casual clothing, activewear, outerwear, bags, small leather goods and footwear for men, women and children, with a brand identity centered on Canadian heritage and outdoor-inspired style.

The company was founded in 1973 in Toronto by Michael Budman and Don Green. Roots operates through retail stores and e-commerce, primarily serving customers in Canada, while also reaching international markets through selected stores, distributors and online channels.

Roots is known for its leather products, athletic apparel and distinctive beaver logo.