Roots Co. (OTCMKTS:RROTF) Sees Significant Drop in Short Interest

Roots Co. (OTCMKTS:RROTF) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 2 shares, a decrease of 91.3% from the September 30th total of 23 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Roots Stock Performance

Shares of RROTF stock opened at $2.94 on Tuesday. The business has a fifty day simple moving average of $2.71 and a 200 day simple moving average of $2.62. Roots has a twelve month low of $2.00 and a twelve month high of $3.23.

Analyst Upgrades and Downgrades

Separately, TD Cowen downgraded Roots to a “sell” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Roots presently has a consensus rating of “Reduce”.

About Roots

Roots Corporation is a Canadian lifestyle brand that designs, manufactures and sells apparel, leather goods, footwear and accessories. Its product offerings include casual clothing, activewear, outerwear, bags, small leather goods and footwear for men, women and children, with a brand identity centered on Canadian heritage and outdoor-inspired style.

The company was founded in 1973 in Toronto by Michael Budman and Don Green. Roots operates through retail stores and e-commerce, primarily serving customers in Canada, while also reaching international markets through selected stores, distributors and online channels.

Roots is known for its leather products, athletic apparel and distinctive beaver logo.