Roots Co. (OTCMKTS:RROTF) Stock Short Interest Falls 91.3%

Roots Co. (OTCMKTS:RROTF) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 2 shares, a decrease of 91.3% from the September 30th total of 23 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ? days.

Roots Price Performance

OTCMKTS RROTF remained flat at $2.94 on Monday. Roots has a twelve month low of $2.00 and a twelve month high of $3.23. The stock’s fifty day moving average is $2.71 and its 200 day moving average is $2.62.

Wall Street Analysts Forecast Growth

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

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.