RENISHAW PLC 20 (OTCMKTS:RNSHF) Sees Large Increase in Short Interest

RENISHAW PLC 20 (OTCMKTS:RNSHF) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,316 shares, an increase of 159.1% from the August 15th total of 1,280 shares. Based on an average trading volume of 32 shares, the short-interest ratio is presently 103.6 days. Approximately 0.0% of the shares of the company are short sold.

RENISHAW PLC 20 Price Performance

Shares of OTCMKTS RNSHF opened at $69.11 on Monday. The business has a 50 day simple moving average of $68.01 and a 200 day simple moving average of $65.36. RENISHAW PLC 20 has a 52 week low of $42.18 and a 52 week high of $73.71.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised shares of RENISHAW PLC 20 from a “hold” rating to a “strong-buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, RENISHAW PLC 20 presently has a consensus rating of “Strong Buy”.

About RENISHAW PLC 20

Renishaw plc is a United Kingdom-based engineering and technology company that develops precision measurement, manufacturing and healthcare solutions. Its products are used by manufacturers, research organizations and medical professionals in applications requiring high levels of accuracy, process control and automation.

The company’s manufacturing technologies include coordinate-measuring machine systems, machine-tool probing and inspection equipment, position encoders, calibration and gauging systems, and Raman spectroscopy products.