Roots Co. (OTCMKTS:RROTF – Get Free Report) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 23 shares. Based on an average trading volume of 25 shares, the short-interest ratio is presently 0.9 days.
Roots Stock Performance
Shares of RROTF opened at $2.88 on Thursday. The stock’s 50-day moving average price is $2.67 and its two-hundred day moving average price is $2.76. Roots has a 1 year low of $1.96 and a 1 year high of $3.23.
Analyst Ratings Changes
Separately, TD Cowen lowered Roots to a “sell” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce”.
About Roots
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.
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