Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Short Interest Update

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 2,639,736 shares, an increase of 114.4% from the May 31st total of 1,231,458 shares. Based on an average daily trading volume, of 6,096,091 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Several research analysts have weighed in on RYCEY shares. Berenberg Bank upgraded Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a report on Friday, June 12th. BNP Paribas Exane initiated coverage on Rolls-Royce Holdings PLC in a report on Friday, May 29th. They issued an “outperform” rating for the company. Finally, Wells Fargo & Company raised Rolls-Royce Holdings PLC to a “strong-buy” rating in a research report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Rolls-Royce Holdings PLC presently has an average rating of “Buy”.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

A number of large investors have recently added to or reduced their stakes in RYCEY. PNC Financial Services Group Inc. raised its stake in shares of Rolls-Royce Holdings PLC by 65.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,736 shares of the aerospace company’s stock valued at $181,000 after purchasing an additional 4,641 shares during the period. Ascentis Independent Advisors acquired a new position in shares of Rolls-Royce Holdings PLC during the first quarter worth about $350,000. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Rolls-Royce Holdings PLC during the first quarter worth about $1,963,000. Financial Avengers Inc. grew its holdings in shares of Rolls-Royce Holdings PLC by 18.9% during the fourth quarter. Financial Avengers Inc. now owns 78,925 shares of the aerospace company’s stock worth $1,241,000 after buying an additional 12,525 shares in the last quarter. Finally, Dorsey Wright & Associates raised its position in Rolls-Royce Holdings PLC by 2.2% in the 4th quarter. Dorsey Wright & Associates now owns 99,391 shares of the aerospace company’s stock valued at $1,537,000 after buying an additional 2,117 shares during the last quarter. Institutional investors own 0.07% of the company’s stock.

Rolls-Royce Holdings PLC Trading Up 1.7%

Shares of RYCEY stock opened at $19.25 on Wednesday. The firm has a fifty day moving average of $17.03 and a 200-day moving average of $16.87. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.20 and a quick ratio of 0.91. Rolls-Royce Holdings PLC has a 12-month low of $12.78 and a 12-month high of $19.34.

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.