Roots Co. (OTCMKTS:RROTF) Short Interest Up 100.0% in July

Roots Co. (OTCMKTS:RROTF) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 200 shares, an increase of 100.0% from the June 30th total of 100 shares. Based on an average daily trading volume, of 220 shares, the short-interest ratio is currently 0.9 days.

Roots Stock Performance

Shares of OTCMKTS RROTF remained flat at $2.36 during trading on Thursday. The company’s 50-day moving average price is $2.83 and its 200 day moving average price is $2.60. Roots has a twelve month low of $1.96 and a twelve month high of $3.23.

Analysts Set New Price Targets

Separately, TD Securities reaffirmed a “hold” rating on shares of Roots in a research note on Monday, June 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.