Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Short Interest Update

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,639,736 shares, an increase of 114.4% from the May 31st total of 1,231,458 shares. Based on an average daily trading volume, of 6,096,091 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

RYCEY has been the subject of a number of recent analyst reports. Wells Fargo & Company raised shares of Rolls-Royce Holdings PLC to a “strong-buy” rating in a report on Tuesday, March 31st. BNP Paribas Exane initiated coverage on shares of Rolls-Royce Holdings PLC in a research note on Friday, May 29th. They issued an “outperform” rating on the stock. Finally, Berenberg Bank upgraded shares of Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Rolls-Royce Holdings PLC Stock Performance

OTCMKTS RYCEY opened at $18.93 on Tuesday. Rolls-Royce Holdings PLC has a twelve month low of $12.78 and a twelve month high of $19.17. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.20 and a quick ratio of 0.91. The business’s fifty day moving average is $17.01 and its 200 day moving average is $16.84.

Institutional Trading of Rolls-Royce Holdings PLC

Hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Rolls-Royce Holdings PLC in the fourth quarter valued at approximately $33,000. Kelleher Financial Advisors bought a new position in Rolls-Royce Holdings PLC in the 3rd quarter valued at approximately $37,000. PNC Financial Services Group Inc. boosted its position in Rolls-Royce Holdings PLC by 30.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,095 shares of the aerospace company’s stock worth $112,000 after buying an additional 1,658 shares during the period. Ascentis Independent Advisors acquired a new stake in Rolls-Royce Holdings PLC during the 1st quarter worth approximately $350,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in Rolls-Royce Holdings PLC during the 4th quarter worth approximately $367,000. 0.07% of the stock is owned by institutional investors and hedge funds.

About Rolls-Royce Holdings PLC

Rolls-Royce Holdings plc is a UK-based multinational engineering company that designs, manufactures and services power systems for the civil and defence aerospace, marine and energy markets. The company’s core activities include the development and production of turbine engines for commercial and military aircraft, propulsion and power systems for naval vessels, and industrial gas turbines for power generation and distributed energy applications. A significant portion of its business is focused on aftermarket support, providing maintenance, repair and overhaul (MRO) services and long-term service agreements to customers worldwide.

In aerospace, Rolls‑Royce is best known for its high-thrust turbofan engines used on widebody and regional aircraft, supported by comprehensive service programs and digital monitoring solutions that optimize engine health and operational availability.