Xero Limited (OTCMKTS:XROLF) Short Interest Update

Xero Limited (OTCMKTS:XROLF) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 486,019 shares, an increase of 68.1% from the January 15th total of 289,144 shares. Based on an average trading volume of 2,151 shares, the days-to-cover ratio is presently 226.0 days. Based on an average trading volume of 2,151 shares, the days-to-cover ratio is presently 226.0 days.

Analyst Ratings Changes

Separately, Royal Bank Of Canada raised Xero from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Xero Trading Down 11.0%

Xero stock opened at $55.00 on Friday. Xero has a 52-week low of $54.00 and a 52-week high of $130.00. The company’s 50 day moving average is $69.36 and its two-hundred day moving average is $89.86.

Xero Company Profile

Xero Limited is a global software company specializing in cloud-based accounting solutions designed for small and medium-sized businesses. Its core platform enables users to manage invoicing, bank reconciliation, payroll, expense tracking and inventory in a unified environment. The company’s ecosystem supports seamless integration with a broad range of third-party applications, extending functionality in areas such as payments, analytics, time tracking and e-commerce.

Founded in Wellington, New Zealand, in 2006 by Rod Drury, Xero has grown from a local startup into a multinational technology provider.