RS Group plc (OTCMKTS:EENEF) Short Interest Update

RS Group plc (OTCMKTS:EENEF) was the target of a large increase in short interest in April. As of April 15th, there was short interest totaling 903,733 shares, an increase of 67.5% from the March 31st total of 539,526 shares. Based on an average daily volume of 13 shares, the days-to-cover ratio is presently 69,517.9 days.

RS Group Price Performance

Shares of OTCMKTS EENEF opened at $9.18 on Wednesday. The firm’s 50-day moving average price is $9.17 and its 200-day moving average price is $8.54. RS Group has a 52-week low of $7.78 and a 52-week high of $9.18.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley restated an “overweight” rating on shares of RS Group in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, RS Group has a consensus rating of “Hold”.

About RS Group

RS Group plc (OTCMKTS:EENEF) is a global distributor of industrial and electronic products, serving engineers, procurement professionals and maintenance teams. The company offers a comprehensive range of over 500,000 products, including electronic components, automation and control devices, tools, fasteners, test and measurement equipment, and maintenance supplies. RS Group’s digital platforms and catalogues provide customers with real-time stock information, technical resources and e-procurement solutions designed to streamline supply chain management.

Through its two core brands – RS Components in Europe and Allied Electronics & Automation in North America – RS Group supports industries such as manufacturing, transportation, energy and infrastructure.