Short Interest in Renishaw plc (OTCMKTS:RNSHF) Decreases By 26.7%

Renishaw plc (OTCMKTS:RNSHF) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 3,300 shares, a drop of 26.7% from the December 15th total of 4,500 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is currently 8.3 days.

Renishaw Stock Performance

Shares of RNSHF stock remained flat at $42.30 during mid-day trading on Friday. The stock’s fifty day moving average is $41.02 and its 200-day moving average is $44.43. Renishaw has a 52 week low of $37.45 and a 52 week high of $55.00.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded Renishaw to a “strong sell” rating in a research report on Monday, September 23rd.

Renishaw Company Profile

Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services technological products and services, and analytical instruments and medical devices worldwide. The company offers co-ordinate measuring machine products, hardware, software, retrofits, machine tool probes, diagnostics, encoders, tool setters, performance measurement systems, gauging systems, modular and custom fixtures, and styli products for touch probe systems; machine calibration and optimization products; interferometric laser, magnetic, and open and enclosed optical encoders; and additive manufacturing systems.