RENISHAW PLC 20 (OTCMKTS:RNSHF) Stock Short Interest Falls 97.5%

RENISHAW PLC 20 (OTCMKTS:RNSHF) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 83 shares, a drop of 97.5% from the August 31st total of 3,316 shares. Based on an average daily trading volume, of 39 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of RENISHAW PLC 20 from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

RENISHAW PLC 20 Stock Performance

Shares of RNSHF stock remained flat at $67.06 on Friday. The firm’s 50 day simple moving average is $68.35 and its 200-day simple moving average is $66.11. RENISHAW PLC 20 has a 1-year low of $42.18 and a 1-year high of $73.71.

About RENISHAW PLC 20

Renishaw plc is a United Kingdom-based engineering and technology company that develops precision measurement, manufacturing and healthcare solutions. Its products are used by manufacturers, research organizations and medical professionals in applications requiring high levels of accuracy, process control and automation.

The company’s manufacturing technologies include coordinate-measuring machine systems, machine-tool probing and inspection equipment, position encoders, calibration and gauging systems, and Raman spectroscopy products.