Roots Co. (OTCMKTS:RROTF) Shares Shorted: Short Interest Down 91.3% in October

Roots Co. (OTCMKTS:RROTF) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 2 shares, a decrease of 91.3% from the September 30th total of 23 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Analyst Ratings Changes

Separately, TD Cowen lowered shares of Roots to a “sell” rating in a research report on Thursday, August 20th. One 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, Roots currently has an average rating of “Reduce”.

Roots Stock Performance

OTCMKTS:RROTF remained flat at $2.94 during midday trading on Monday. The company’s 50 day moving average price is $2.71 and its 200 day moving average price is $2.62. Roots has a fifty-two week low of $2.00 and a fifty-two week high of $3.23.

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.