Roots Co. (OTCMKTS:RROTF – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 148 shares, a growth of ∞ from the May 31st total of 0 shares. Based on an average daily volume of 1,149 shares, the days-to-cover ratio is currently 0.1 days.
Roots Stock Performance
Shares of RROTF opened at $3.00 on Friday. Roots has a one year low of $1.96 and a one year high of $3.23. The stock has a 50 day moving average price of $2.94 and a 200 day moving average price of $2.56.
Wall Street Analyst Weigh In
Separately, TD Securities reissued 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, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.
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.
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