Short Interest in Roots Co. (OTCMKTS:RROTF) Declines By 30.6%

Roots Co. (OTCMKTS:RROTFGet Rating) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 8,400 shares, a decline of 30.6% from the March 15th total of 12,100 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

RROTF stock remained flat at $$2.95 during trading on Tuesday. Roots has a twelve month low of $1.40 and a twelve month high of $3.06. The firm’s fifty day simple moving average is $2.60 and its two-hundred day simple moving average is $2.46.

A number of equities analysts have issued reports on RROTF shares. Scotiabank upped their target price on Roots from C$4.25 to C$5.00 in a research report on Monday, April 11th. Royal Bank of Canada upped their target price on Roots from C$4.00 to C$5.00 in a research report on Friday, April 8th. Finally, Canaccord Genuity Group upped 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. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Roots presently has an average rating of “Hold” and a consensus price target of $4.79.

About Roots (Get Rating)

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.

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