Short Interest in Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Declines By 34.4%

by · The Cerbat Gem

Rolls-Royce Holdings plc (OTCMKTS:RYCEY – Get Free Report) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 457,700 shares, a drop of 34.4% from the September 15th total of 698,200 shares. Based on an average daily volume of 4,336,000 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Rolls-Royce Holdings plc

A number of institutional investors and hedge funds have recently bought and sold shares of RYCEY. GAMMA Investing LLC boosted its position in Rolls-Royce Holdings plc by 49.5% in the 2nd quarter. GAMMA Investing LLC now owns 10,355 shares of the aerospace company’s stock valued at $59,000 after buying an additional 3,430 shares during the last quarter. HighPoint Advisor Group LLC purchased a new position in Rolls-Royce Holdings plc in the fourth quarter valued at about $65,000. Fulton Bank N.A. grew its stake in Rolls-Royce Holdings plc by 67.1% during the 1st quarter. Fulton Bank N.A. now owns 46,448 shares of the aerospace company’s stock valued at $250,000 after purchasing an additional 18,646 shares in the last quarter. Torray Investment Partners LLC purchased a new stake in Rolls-Royce Holdings plc during the 2nd quarter worth approximately $286,000. Finally, Rhumbline Advisers raised its position in shares of Rolls-Royce Holdings plc by 19.0% in the 2nd quarter. Rhumbline Advisers now owns 83,570 shares of the aerospace company’s stock valued at $479,000 after purchasing an additional 13,353 shares in the last quarter. Hedge funds and other institutional investors own 0.07% of the company’s stock.

Rolls-Royce Holdings plc Price Performance

Shares of OTCMKTS RYCEY traded up $0.09 on Friday, hitting $7.05. The company had a trading volume of 2,545,811 shares, compared to its average volume of 3,251,503. Rolls-Royce Holdings plc has a 12-month low of $2.35 and a 12-month high of $7.15. The business has a 50 day moving average of $6.56 and a two-hundred day moving average of $5.88.

About Rolls-Royce Holdings plc

(Get Free Report)

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.

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