Short Interest in Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Rises By 1,853.6%

Rolls-Royce Holdings plc (OTCMKTS:RYCEY - Get Free Report) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 4,348,700 shares, a growth of 1,853.6% from the May 15th total of 222,600 shares. Based on an average daily volume of 8,560,800 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the company's shares are sold short.

Wall Street Analyst Weigh In

RYCEY has been the topic of several research analyst reports. Vertical Research raised Rolls-Royce Holdings plc to a "strong-buy" rating in a research note on Friday, February 28th. Kepler Capital Markets upgraded Rolls-Royce Holdings plc from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th.

Rolls-Royce Holdings plc Price Performance

Rolls-Royce Holdings plc stock traded down $0.20 during mid-day trading on Friday, reaching $11.95. 2,046,955 shares of the company were exchanged, compared to its average volume of 4,113,503. Rolls-Royce Holdings plc has a 12 month low of $5.40 and a 12 month high of $12.47. The company has a fifty day simple moving average of $10.70 and a 200-day simple moving average of $9.07.

Hedge Funds Weigh In On Rolls-Royce Holdings plc

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bowen Hanes & Co. Inc. acquired a new position in Rolls-Royce Holdings plc during the 1st quarter worth about $27,782,000. L & S Advisors Inc bought a new position in Rolls-Royce Holdings plc during the first quarter worth $2,427,000. First Horizon Advisors Inc. raised its stake in Rolls-Royce Holdings plc by 31.8% during the 1st quarter. First Horizon Advisors Inc. now owns 8,526 shares of the aerospace company's stock worth $84,000 after buying an additional 2,055 shares during the period. GAMMA Investing LLC grew its position in Rolls-Royce Holdings plc by 14.7% in the 1st quarter. GAMMA Investing LLC now owns 29,344 shares of the aerospace company's stock valued at $288,000 after purchasing an additional 3,771 shares during the period. Finally, Financial Avengers Inc. raised its holdings in shares of Rolls-Royce Holdings plc by 32.6% in the 4th quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company's stock worth $203,000 after acquiring an additional 7,000 shares during the last quarter. Institutional investors own 0.07% of the company's stock.

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.