Renishaw plc (OTCMKTS:RNSHF) Sees Significant Increase in Short Interest

Renishaw plc (OTCMKTS:RNSHF) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 5,100 shares, a growth of 54.5% from the March 15th total of 3,300 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 51.0 days. Currently, 0.0% of the shares of the stock are short sold.

Renishaw Stock Down 5.7 %

Shares of Renishaw stock opened at $28.98 on Friday. Renishaw has a 12-month low of $28.98 and a 12-month high of $51.24. The stock’s fifty day moving average is $35.96 and its 200-day moving average is $40.48.

About Renishaw

Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services technological products and services, and analytical instruments and medical devices worldwide. The company offers co-ordinate measuring machine products, hardware, software, retrofits, machine tool probes, diagnostics, encoders, tool setters, performance measurement systems, gauging systems, modular and custom fixtures, and styli products for touch probe systems; machine calibration and optimization products; interferometric laser, magnetic, and open and enclosed optical encoders; and additive manufacturing systems.