Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Short Interest Update

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 9,535,700 shares, a growth of 44.8% from the September 15th total of 6,586,400 shares. Based on an average trading volume of 11,141,200 shares, the short-interest ratio is currently 0.9 days. Based on an average trading volume of 11,141,200 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Salomon & Ludwin LLC boosted its position in shares of Rolls-Royce Holdings PLC by 2,646.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 3,049 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 2,938 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Rolls-Royce Holdings PLC by 31.8% in the first quarter. First Horizon Advisors Inc. now owns 8,526 shares of the aerospace company’s stock valued at $84,000 after buying an additional 2,055 shares during the period. Sterling Investment Advisors Ltd. bought a new position in shares of Rolls-Royce Holdings PLC during the 2nd quarter worth approximately $174,000. GAMMA Investing LLC boosted its holdings in shares of Rolls-Royce Holdings PLC by 14.7% during the 1st quarter. GAMMA Investing LLC now owns 29,344 shares of the aerospace company’s stock worth $288,000 after buying an additional 3,771 shares in the last quarter. Finally, Torray Investment Partners LLC acquired a new stake in shares of Rolls-Royce Holdings PLC during the 2nd quarter worth approximately $669,000. 0.07% of the stock is owned by institutional investors.

Rolls-Royce Holdings PLC Trading Down 1.3%

RYCEY opened at $14.98 on Thursday. Rolls-Royce Holdings PLC has a twelve month low of $6.70 and a twelve month high of $16.27. The company has a fifty day moving average of $15.17 and a 200-day moving average of $13.03.

Rolls-Royce Holdings PLC Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 25th. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.0596 per share. This represents a yield of 97.0%. The ex-dividend date was Monday, August 11th.

Wall Street Analysts Forecast Growth

RYCEY has been the topic of several analyst reports. The Goldman Sachs Group started coverage on shares of Rolls-Royce Holdings PLC in a research note on Friday, September 19th. They issued a “buy” rating on the stock. Kepler Capital Markets lowered Rolls-Royce Holdings PLC from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 26th. Finally, Berenberg Bank raised Rolls-Royce Holdings PLC to a “hold” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Rolls-Royce Holdings PLC currently has an average rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Company Profile

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.