Roots Co. (OTCMKTS:RROTF) Sees Large Increase in Short Interest

Roots Co. (OTCMKTS:RROTF) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 23 shares. Based on an average daily volume of 25 shares, the short-interest ratio is currently 0.9 days.

Wall Street Analyst Weigh In

Separately, TD Cowen downgraded Roots to a “sell” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Roots Stock Performance

Shares of RROTF opened at $2.88 on Friday. The firm has a fifty day simple moving average of $2.67 and a 200 day simple moving average of $2.76. Roots has a 12 month low of $1.96 and a 12 month high of $3.23.

Roots Company Profile

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.