Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Sees Large Drop in Short Interest

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 4,447,312 shares, a drop of 42.8% from the February 12th total of 7,771,742 shares. Based on an average trading volume of 7,145,841 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 7,145,841 shares, the days-to-cover ratio is presently 0.6 days.

Rolls-Royce Holdings PLC Stock Performance

Rolls-Royce Holdings PLC stock opened at $16.35 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.25 and a quick ratio of 0.94. The company’s 50-day moving average price is $17.45 and its two-hundred day moving average price is $15.92. Rolls-Royce Holdings PLC has a 52 week low of $8.01 and a 52 week high of $18.98.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RYCEY. AdvisorShares Investments LLC acquired a new stake in Rolls-Royce Holdings PLC in the third quarter worth approximately $1,077,000. Bowen Hanes & Co. Inc. increased its position in shares of Rolls-Royce Holdings PLC by 42.8% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 4,043,310 shares of the aerospace company’s stock valued at $54,099,000 after purchasing an additional 1,211,310 shares during the period. L & S Advisors Inc raised its stake in shares of Rolls-Royce Holdings PLC by 16.4% in the 2nd quarter. L & S Advisors Inc now owns 288,058 shares of the aerospace company’s stock worth $3,854,000 after buying an additional 40,691 shares in the last quarter. Financially Speaking Inc bought a new stake in shares of Rolls-Royce Holdings PLC in the 3rd quarter worth $1,808,000. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new stake in shares of Rolls-Royce Holdings PLC in the third quarter valued at $1,690,000. 0.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada assumed coverage on Rolls-Royce Holdings PLC in a research note on Tuesday, November 18th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Company Profile

Rolls-Royce Holdings plc is a UK-based multinational engineering company that designs, manufactures and services power systems for the civil and defence aerospace, marine and energy markets. The company’s core activities include the development and production of turbine engines for commercial and military aircraft, propulsion and power systems for naval vessels, and industrial gas turbines for power generation and distributed energy applications. A significant portion of its business is focused on aftermarket support, providing maintenance, repair and overhaul (MRO) services and long-term service agreements to customers worldwide.

In aerospace, Rolls‑Royce is best known for its high-thrust turbofan engines used on widebody and regional aircraft, supported by comprehensive service programs and digital monitoring solutions that optimize engine health and operational availability.