Roots Co. (OTCMKTS:RROTF) Short Interest Up 66.7% in August

Roots Co. (OTCMKTS:RROTF) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 500 shares, a growth of 66.7% from the July 30th total of 300 shares. Based on an average daily trading volume, of 40 shares, the days-to-cover ratio is presently 12.5 days.

Roots Stock Performance

OTCMKTS:RROTF opened at $2.63 on Wednesday. The company’s 50 day moving average price is $2.61 and its 200-day moving average price is $2.65. Roots has a 52 week low of $1.96 and a 52 week high of $3.23.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RROTF shares. TD Cowen cut Roots to a “sell” rating in a research note on Thursday, August 20th. TD Securities reaffirmed a “hold” rating on shares of Roots in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Roots currently has an average rating of “Reduce”.

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.