Roots Co. (OTCMKTS:RROTF) Short Interest Up 50.0% in July

Roots Co. (OTCMKTS:RROTF) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 300 shares, a growth of 50.0% from the July 15th total of 200 shares. Based on an average daily trading volume, of 433 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analyst Weigh In

Separately, TD Securities reaffirmed a “hold” rating on shares of Roots in a research note on Monday, June 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Roots Stock Performance

Shares of RROTF opened at $2.50 on Thursday. Roots has a one year low of $1.96 and a one year high of $3.23. The company has a 50-day simple moving average of $2.68 and a two-hundred day simple moving average of $2.63.

Roots Company Profile

Roots Corporation is a Canadian apparel and lifestyle brand known for its premium casual wear, leather goods and accessories. Founded in 1973 by Michael Budman and Don Green, the company built its reputation on high-quality craftsmanship and understated design. Over time, Roots has expanded its product offerings to include clothing for men, women and youth, as well as footwear, leather handbags, travel bags and small leather accessories such as wallets and belts.

Operating a vertically integrated model, Roots oversees design, sourcing, manufacturing and distribution to maintain control over quality and costs.