Short Interest in RENISHAW PLC 20 (OTCMKTS:RNSHF) Expands By 159.1%

RENISHAW PLC 20 (OTCMKTS:RNSHF) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 3,316 shares, an increase of 159.1% from the August 15th total of 1,280 shares. Based on an average daily volume of 32 shares, the short-interest ratio is currently 103.6 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded RENISHAW PLC 20 from a “hold” rating to a “strong-buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

RENISHAW PLC 20 Stock Performance

Shares of RNSHF opened at $69.11 on Friday. RENISHAW PLC 20 has a fifty-two week low of $42.18 and a fifty-two week high of $73.71. The stock has a fifty day moving average of $68.01 and a two-hundred day moving average of $65.26.

RENISHAW PLC 20 Company Profile

Renishaw plc is a United Kingdom-based engineering and technology company that develops precision measurement, manufacturing and healthcare solutions. Its products are used by manufacturers, research organizations and medical professionals in applications requiring high levels of accuracy, process control and automation.

The company’s manufacturing technologies include coordinate-measuring machine systems, machine-tool probing and inspection equipment, position encoders, calibration and gauging systems, and Raman spectroscopy products.