Roots Co. (OTCMKTS:RROTF – Get Rating) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 4,900 shares, a drop of 15.5% from the May 15th total of 5,800 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 49.0 days.
Several equities analysts have commented on RROTF shares. Royal Bank of Canada boosted their price target on shares of Roots from C$4.00 to C$5.00 in a research note on Friday, April 8th. Scotiabank boosted their price target on shares of Roots from C$4.25 to C$5.00 in a research note on Monday, April 11th. Finally, Canaccord Genuity Group boosted their price target on shares of Roots from C$3.75 to C$4.50 and gave the stock a “hold” rating in a research note on Tuesday, April 12th.
Shares of OTCMKTS:RROTF remained flat at $$2.28 during trading on Friday. The business’s fifty day simple moving average is $2.60 and its two-hundred day simple moving average is $2.56. Roots has a twelve month low of $1.40 and a twelve month high of $3.06.
Roots Corporation, together with its subsidiaries, designs, markets, and sells apparel, leather goods, footwear, and accessories under the Roots brand in Canada and internationally. The company operates through two segments, Direct-To-Consumer, and Partners and Other. The Direct-to-Consumer segment sells products through the company's corporate retail stores and e-commerce.
- Get a free copy of the StockNews.com research report on Roots (RROTF)
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