Short Interest in Xero Limited (OTCMKTS:XROLF) Rises By 68.1%

Xero Limited (OTCMKTS:XROLF) saw a large increase in short interest in 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 daily volume of 2,151 shares, the days-to-cover ratio is currently 226.0 days. Based on an average daily volume of 2,151 shares, the days-to-cover ratio is currently 226.0 days.

Xero Stock Performance

Xero stock opened at $54.00 on Monday. The company’s fifty day simple moving average is $69.36 and its 200-day simple moving average is $89.56. Xero has a 12 month low of $54.00 and a 12 month high of $130.00.

Analysts Set New Price Targets

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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Xero has an average rating of “Buy”.

About Xero

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.