Roots Co. (OTCMKTS:RROTF – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 300 shares, an increase of 50.0% from the July 15th total of 200 shares. Based on an average daily volume of 433 shares, the short-interest ratio is currently 0.7 days.
Roots Stock Down 2.3%
Shares of OTCMKTS:RROTF opened at $2.50 on Tuesday. The company has a 50 day moving average of $2.71 and a two-hundred day moving average of $2.62. Roots has a 52-week low of $1.96 and a 52-week high of $3.23.
Wall Street Analysts Forecast Growth
Separately, TD Securities reissued a “hold” rating on shares of Roots in a research report on Monday, June 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.
Roots Company Profile
Roots Corporation is a Canadian apparel and lifestyle brand known for its premium casual wear, leather goods and accessories. Founded in 1973 by Michael Budman and Don Green, the company built its reputation on high-quality craftsmanship and understated design. Over time, Roots has expanded its product offerings to include clothing for men, women and youth, as well as footwear, leather handbags, travel bags and small leather accessories such as wallets and belts.
Operating a vertically integrated model, Roots oversees design, sourcing, manufacturing and distribution to maintain control over quality and costs.
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