Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Sees Large Decline in Short Interest

Rolls-Royce Holdings plc (OTCMKTS:RYCEY) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 119,300 shares, a decrease of 78.4% from the May 31st total of 551,900 shares. Based on an average daily trading volume, of 6,866,500 shares, the days-to-cover ratio is currently 0.0 days.

Rolls-Royce Holdings plc Stock Performance

OTCMKTS:RYCEY traded up $0.04 during trading hours on Friday, hitting $5.73. The company’s stock had a trading volume of 2,056,951 shares, compared to its average volume of 3,606,557. Rolls-Royce Holdings plc has a twelve month low of $1.81 and a twelve month high of $6.11. The stock has a fifty day simple moving average of $5.53 and a 200-day simple moving average of $4.77.

Institutional Investors Weigh In On Rolls-Royce Holdings plc

A number of hedge funds have recently made changes to their positions in the stock. Henry James International Management Inc. grew its position in Rolls-Royce Holdings plc by 435.8% during the 1st quarter. Henry James International Management Inc. now owns 859,863 shares of the aerospace company’s stock worth $4,626,000 after acquiring an additional 699,379 shares during the last quarter. Fulton Bank N.A. increased its stake in shares of Rolls-Royce Holdings plc by 67.1% in the first quarter. Fulton Bank N.A. now owns 46,448 shares of the aerospace company’s stock valued at $250,000 after buying an additional 18,646 shares during the period. Tieton Capital Management LLC acquired a new position in shares of Rolls-Royce Holdings plc in the fourth quarter valued at approximately $75,000. Finally, HighPoint Advisor Group LLC bought a new position in Rolls-Royce Holdings plc in the 4th quarter valued at approximately $65,000. 0.07% of the stock is currently owned by institutional investors and hedge funds.

Rolls-Royce Holdings plc Company Profile

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.