Short Interest in Xero Limited (OTCMKTS:XROLF) Rises By 143.3%

Xero Limited (OTCMKTS:XROLF) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 636,700 shares, a growth of 143.3% from the September 15th total of 261,700 shares. Based on an average daily volume of 200 shares, the short-interest ratio is currently 3,183.5 days. Based on an average daily volume of 200 shares, the short-interest ratio is currently 3,183.5 days.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada downgraded shares of Xero from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 2nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Xero presently has an average rating of “Hold”.

Xero Price Performance

Shares of OTCMKTS XROLF opened at $103.81 on Friday. Xero has a 1-year low of $81.60 and a 1-year high of $130.00. The company has a 50-day moving average of $107.54 and a two-hundred day moving average of $108.68.

About Xero

Xero Limited, together with its subsidiaries, operates as a software as a service company in New Zealand, Australia, the United Kingdom, and internationally. The company offers Xero, an open platform that connects small businesses to a range of solutions, which helps to manage their finances. It also provides Xero mobile app; and accountant/bookkeeper tools, including Xero HQ, Xero Practice Manager, Xero Workpapers, and Xero Cashbook or Xero Ledger.