Roots Co. (OTCMKTS:RROTF) Sees Significant Growth in Short Interest

Roots Co. (OTCMKTS:RROTF) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 23 shares. Based on an average daily volume of 25 shares, the days-to-cover ratio is currently 0.9 days.

Roots Price Performance

Roots stock opened at $2.88 on Wednesday. The business’s 50-day moving average price is $2.66 and its 200 day moving average price is $2.76. Roots has a 52 week low of $1.96 and a 52 week high of $3.23.

Analyst Ratings Changes

Separately, TD Cowen downgraded Roots to a “sell” rating in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Roots Company Profile

Roots Corporation is a Canadian lifestyle brand that designs, manufactures and sells apparel, leather goods, footwear and accessories. Its product offerings include casual clothing, activewear, outerwear, bags, small leather goods and footwear for men, women and children, with a brand identity centered on Canadian heritage and outdoor-inspired style.

The company was founded in 1973 in Toronto by Michael Budman and Don Green. Roots operates through retail stores and e-commerce, primarily serving customers in Canada, while also reaching international markets through selected stores, distributors and online channels.

Roots is known for its leather products, athletic apparel and distinctive beaver logo.