Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Sees Significant Drop in Short Interest

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 4,447,312 shares, a decrease of 42.8% from the February 12th total of 7,771,742 shares. Based on an average trading volume of 7,145,841 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 7,145,841 shares, the short-interest ratio is currently 0.6 days.

Analyst Ratings Changes

Separately, Royal Bank Of Canada initiated coverage on Rolls-Royce Holdings PLC in a research note on Tuesday, November 18th. They issued an “outperform” rating for the company. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Trading Down 3.4%

Shares of OTCMKTS:RYCEY traded down $0.59 during midday trading on Friday, reaching $16.76. The company’s stock had a trading volume of 505,185 shares, compared to its average volume of 4,450,066. The firm has a 50 day moving average of $17.44 and a 200-day moving average of $15.91. The company has a quick ratio of 0.94, a current ratio of 1.25 and a debt-to-equity ratio of 1.17. Rolls-Royce Holdings PLC has a 12-month low of $8.01 and a 12-month high of $18.98.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bowen Hanes & Co. Inc. increased its stake in shares of Rolls-Royce Holdings PLC by 6.9% during the third quarter. Bowen Hanes & Co. Inc. now owns 4,321,380 shares of the aerospace company’s stock valued at $70,006,000 after purchasing an additional 278,070 shares in the last quarter. L & S Advisors Inc boosted its position in shares of Rolls-Royce Holdings PLC by 16.4% in the 2nd quarter. L & S Advisors Inc now owns 288,058 shares of the aerospace company’s stock worth $3,854,000 after purchasing an additional 40,691 shares in the last quarter. Financially Speaking Inc bought a new stake in shares of Rolls-Royce Holdings PLC in the 3rd quarter worth approximately $1,808,000. Mcintyre Freedman & Flynn Investment Advisers Inc. purchased a new stake in shares of Rolls-Royce Holdings PLC in the 3rd quarter worth approximately $1,690,000. Finally, Dorsey Wright & Associates grew its stake in shares of Rolls-Royce Holdings PLC by 2.2% in the 4th quarter. Dorsey Wright & Associates now owns 99,391 shares of the aerospace company’s stock worth $1,537,000 after buying an additional 2,117 shares during the last quarter. Hedge funds and other institutional investors own 0.07% of the company’s stock.

About Rolls-Royce Holdings PLC

Rolls-Royce Holdings plc is a UK-based multinational engineering company that designs, manufactures and services power systems for the civil and defence aerospace, marine and energy markets. The company’s core activities include the development and production of turbine engines for commercial and military aircraft, propulsion and power systems for naval vessels, and industrial gas turbines for power generation and distributed energy applications. A significant portion of its business is focused on aftermarket support, providing maintenance, repair and overhaul (MRO) services and long-term service agreements to customers worldwide.

In aerospace, Rolls‑Royce is best known for its high-thrust turbofan engines used on widebody and regional aircraft, supported by comprehensive service programs and digital monitoring solutions that optimize engine health and operational availability.