Roots Co. (OTCMKTS:RROTF – Get Free Report) was the recipient of a significant growth in short interest in 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 volume of 433 shares, the days-to-cover ratio is currently 0.7 days.
Roots Stock Performance
RROTF opened at $2.50 on Wednesday. Roots has a one year low of $1.96 and a one year high of $3.23. The business’s 50 day moving average price is $2.70 and its 200 day moving average price is $2.62.
Wall Street Analysts Forecast Growth
Separately, TD Securities restated a “hold” rating on shares of Roots in a report on Monday, June 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.
About Roots
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.
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