Short Interest in Xero Limited (OTCMKTS:XROLF) Expands By 143.3%

Xero Limited (OTCMKTS:XROLF) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 636,700 shares, an increase of 143.3% from the September 15th total of 261,700 shares. Based on an average trading volume of 200 shares, the short-interest ratio is presently 3,183.5 days. Based on an average trading volume of 200 shares, the short-interest ratio is presently 3,183.5 days.

Xero Price Performance

Shares of Xero stock opened at $103.81 on Tuesday. The business has a fifty day simple moving average of $107.42 and a two-hundred day simple moving average of $108.86. Xero has a 12 month low of $81.60 and a 12 month high of $130.00.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada cut shares of Xero from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 2nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

About Xero

Xero Limited, together with its subsidiaries, operates as a software as a service company in New Zealand, Australia, the United Kingdom, and internationally. The company offers Xero, an open platform that connects small businesses to a range of solutions, which helps to manage their finances. It also provides Xero mobile app; and accountant/bookkeeper tools, including Xero HQ, Xero Practice Manager, Xero Workpapers, and Xero Cashbook or Xero Ledger.