Roots Co. (OTCMKTS:RROTF – Get Rating) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 4,900 shares, a drop of 15.5% from the May 15th total of 5,800 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 49.0 days.
Roots stock remained flat at $$2.28 during midday trading on Friday. The business’s fifty day moving average is $2.60 and its two-hundred day moving average is $2.56. Roots has a 12-month low of $1.40 and a 12-month high of $3.06.
A number of research analysts have issued reports on the company. Royal Bank of Canada lifted their target price on Roots from C$4.00 to C$5.00 in a research report on Friday, April 8th. Scotiabank lifted their target price on Roots from C$4.25 to C$5.00 in a research report on Monday, April 11th. Finally, Canaccord Genuity Group lifted their target price on Roots from C$3.75 to C$4.50 and gave the company a “hold” rating in a research report on Tuesday, April 12th.
Roots Corporation, together with its subsidiaries, designs, markets, and sells apparel, leather goods, footwear, and accessories under the Roots brand in Canada and internationally. The company operates through two segments, Direct-To-Consumer, and Partners and Other. The Direct-to-Consumer segment sells products through the company's corporate retail stores and e-commerce.
- Get a free copy of the StockNews.com research report on Roots (RROTF)
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