Short Interest in Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Drops By 95.8%

Rolls-Royce Holdings plc (OTCMKTS:RYCEY) saw a large drop in short interest in May. As of May 15th, there was short interest totalling 222,600 shares, a drop of 95.8% from the April 30th total of 5,278,200 shares. Based on an average daily volume of 10,747,100 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RYCEY shares. Kepler Capital Markets upgraded Rolls-Royce Holdings plc from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 9th. Vertical Research upgraded shares of Rolls-Royce Holdings plc to a “strong-buy” rating in a research note on Friday, February 28th.

Rolls-Royce Holdings plc Trading Down 1.4%

Shares of Rolls-Royce Holdings plc stock opened at $11.64 on Friday. Rolls-Royce Holdings plc has a twelve month low of $5.40 and a twelve month high of $11.88. The firm’s 50-day simple moving average is $10.18 and its 200-day simple moving average is $8.68.

Rolls-Royce Holdings plc Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, June 23rd. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.0761 per share. The ex-dividend date is Tuesday, April 22nd.

Institutional Investors Weigh In On Rolls-Royce Holdings plc

Several large investors have recently modified their holdings of the stock. First Horizon Advisors Inc. lifted its position in shares of Rolls-Royce Holdings plc by 31.8% during the 1st quarter. First Horizon Advisors Inc. now owns 8,526 shares of the aerospace company’s stock worth $84,000 after buying an additional 2,055 shares during the period. PNC Financial Services Group Inc. raised its stake in Rolls-Royce Holdings plc by 60.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company’s stock worth $43,000 after acquiring an additional 2,287 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Rolls-Royce Holdings plc by 14.7% during the first quarter. GAMMA Investing LLC now owns 29,344 shares of the aerospace company’s stock valued at $288,000 after acquiring an additional 3,771 shares during the period. HighPoint Advisor Group LLC lifted its holdings in shares of Rolls-Royce Holdings plc by 17.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 30,464 shares of the aerospace company’s stock valued at $233,000 after acquiring an additional 4,431 shares during the period. Finally, Financial Avengers Inc. boosted its stake in shares of Rolls-Royce Holdings plc by 32.6% in the 4th quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company’s stock valued at $203,000 after purchasing an additional 7,000 shares in the last quarter. 0.07% of the stock is currently owned by institutional investors.

Rolls-Royce Holdings plc Company Profile

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.