Reliance Worldwide Co. Limited (OTCMKTS:RLLWF) Sees Large Drop in Short Interest

Reliance Worldwide Co. Limited (OTCMKTS:RLLWF) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 21,628 shares, a decrease of 94.3% from the August 15th total of 376,539 shares. Based on an average daily trading volume, of 127 shares, the short-interest ratio is currently 170.3 days.

Reliance Worldwide Stock Performance

Shares of OTCMKTS:RLLWF remained flat at $3.05 during trading on Friday. The business’s fifty day simple moving average is $2.75 and its two-hundred day simple moving average is $2.39. Reliance Worldwide has a twelve month low of $1.84 and a twelve month high of $3.19.

Reliance Worldwide Company Profile

Reliance Worldwide Corporation (OTCMKTS:RLLWF) is a global manufacturer and distributor of water flow and control solutions for residential, commercial and industrial applications. The company’s core product portfolio includes push-to-connect fittings, valves, connectors and related plumbing components designed to simplify installation and improve system reliability. Through its leading brand names—such as SharkBite, John Guest, Cash Acme and SeaTech—Reliance Worldwide serves professional installers, wholesalers, retailers and original equipment manufacturers around the world.

Reliance Worldwide’s products span multiple categories, including plumbing repair and retrofit fittings, radiant heating and cooling controls, hot-water recirculation systems, backflow prevention devices and fire protection valves.