Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Short Interest Down 55.9% in March

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 2,166,310 shares, a decline of 55.9% from the March 15th total of 4,917,825 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 5,916,140 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RYCEY. ORG Partners LLC increased its holdings in Rolls-Royce Holdings PLC by 115.3% in the 3rd quarter. ORG Partners LLC now owns 1,970 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 1,055 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Rolls-Royce Holdings PLC during the fourth quarter valued at about $33,000. Kelleher Financial Advisors purchased a new stake in Rolls-Royce Holdings PLC during the third quarter valued at about $37,000. Salomon & Ludwin LLC lifted its holdings in Rolls-Royce Holdings PLC by 2,646.8% during the third quarter. Salomon & Ludwin LLC now owns 3,049 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 2,938 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Rolls-Royce Holdings PLC by 30.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,095 shares of the aerospace company’s stock worth $112,000 after purchasing an additional 1,658 shares in the last quarter. Institutional investors own 0.07% of the company’s stock.

Rolls-Royce Holdings PLC Trading Up 1.2%

Rolls-Royce Holdings PLC stock opened at $17.35 on Tuesday. The business’s 50 day simple moving average is $16.97 and its 200 day simple moving average is $16.08. Rolls-Royce Holdings PLC has a 12 month low of $9.34 and a 12 month high of $18.98. The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company upgraded shares of Rolls-Royce Holdings PLC to a “strong-buy” rating in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Rolls-Royce Holdings PLC has an average rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Company Profile

Rolls-Royce Holdings plc is a UK-based multinational engineering company that designs, manufactures and services power systems for the civil and defence aerospace, marine and energy markets. The company’s core activities include the development and production of turbine engines for commercial and military aircraft, propulsion and power systems for naval vessels, and industrial gas turbines for power generation and distributed energy applications. A significant portion of its business is focused on aftermarket support, providing maintenance, repair and overhaul (MRO) services and long-term service agreements to customers worldwide.

In aerospace, Rolls‑Royce is best known for its high-thrust turbofan engines used on widebody and regional aircraft, supported by comprehensive service programs and digital monitoring solutions that optimize engine health and operational availability.