Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Short Interest Up 1,853.6% in May

Rolls-Royce Holdings plc (OTCMKTS:RYCEY) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 4,348,700 shares, an increase of 1,853.6% from the May 15th total of 222,600 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 8,560,800 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Rolls-Royce Holdings plc

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its holdings in Rolls-Royce Holdings plc by 60.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company’s stock worth $43,000 after purchasing an additional 2,287 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Rolls-Royce Holdings plc by 152.1% during the fourth quarter. First Horizon Advisors Inc. now owns 6,471 shares of the aerospace company’s stock worth $46,000 after buying an additional 3,904 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of Rolls-Royce Holdings plc during the fourth quarter worth approximately $144,000. Financial Avengers Inc. lifted its holdings in shares of Rolls-Royce Holdings plc by 32.6% during the fourth quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company’s stock worth $203,000 after buying an additional 7,000 shares during the last quarter. Finally, 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 worth $233,000 after buying an additional 4,431 shares during the last quarter. 0.07% of the stock is currently owned by institutional investors and hedge funds.

Rolls-Royce Holdings plc Stock Performance

RYCEY opened at $12.15 on Friday. The business has a 50 day moving average price of $10.63 and a 200 day moving average price of $9.04. Rolls-Royce Holdings plc has a twelve month low of $5.40 and a twelve month high of $12.47.

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.