Roots Co. (OTCMKTS:RROTF) Sees Large Increase in Short Interest

Roots Co. (OTCMKTS:RROTFGet Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 200 shares, an increase of 100.0% from the June 30th total of 100 shares. Based on an average daily trading volume, of 220 shares, the short-interest ratio is presently 0.9 days.

Analysts Set New Price Targets

Separately, TD Securities reissued a “hold” rating on shares of Roots in a report on Monday, June 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Roots presently has a consensus rating of “Hold”.

View Our Latest Report on Roots

Roots Trading Up 8.1%

OTCMKTS RROTF traded up $0.19 on Friday, reaching $2.55. 2,500 shares of the stock traded hands, compared to its average volume of 1,769. Roots has a 12 month low of $1.96 and a 12 month high of $3.23. The company has a fifty day moving average price of $2.82 and a 200-day moving average price of $2.60.

Roots Company Profile

(Get Free Report)

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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