Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Sees Significant Growth in Short Interest

Rolls-Royce Holdings plc (OTCMKTS:RYCEY) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 5,839,600 shares, a growth of 1,055.2% from the February 28th total of 505,500 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 14,481,600 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Vertical Research upgraded shares of Rolls-Royce Holdings plc to a “strong-buy” rating in a report on Friday, February 28th. Citigroup downgraded shares of Rolls-Royce Holdings plc from a “buy” rating to a “neutral” rating in a report on Monday, January 6th.

Rolls-Royce Holdings plc Price Performance

RYCEY traded down $0.17 during midday trading on Thursday, hitting $10.46. 1,571,400 shares of the company were exchanged, compared to its average volume of 4,033,832. The company’s 50 day simple moving average is $8.70 and its 200 day simple moving average is $7.66. Rolls-Royce Holdings plc has a 1-year low of $4.83 and a 1-year high of $10.91.

Rolls-Royce Holdings plc Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, June 23rd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.0761 per share. The ex-dividend date of this dividend is Tuesday, April 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its position in Rolls-Royce Holdings plc by 60.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company’s stock worth $43,000 after purchasing an additional 2,287 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Rolls-Royce Holdings plc by 152.1% in the 4th quarter. First Horizon Advisors Inc. now owns 6,471 shares of the aerospace company’s stock valued at $46,000 after purchasing an additional 3,904 shares during the period. SVB Wealth LLC purchased a new stake in Rolls-Royce Holdings plc during the fourth quarter worth $144,000. Financial Avengers Inc. grew its position in Rolls-Royce Holdings plc by 13.2% during the third quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company’s stock valued at $152,000 after buying an additional 2,500 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Rolls-Royce Holdings plc by 35.7% in the fourth quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company’s stock valued at $182,000 after buying an additional 6,727 shares in the last quarter. 0.07% of the stock is currently owned by hedge funds and other institutional investors.

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.