Renishaw plc (OTCMKTS:RNSHF) Short Interest Update

Renishaw plc (OTCMKTS:RNSHF) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 3,300 shares, a decrease of 26.7% from the December 15th total of 4,500 shares. Based on an average trading volume of 400 shares, the short-interest ratio is currently 8.3 days.

Wall Street Analyst Weigh In

Separately, Barclays raised Renishaw to a “strong sell” rating in a report on Monday, September 23rd.

Renishaw Stock Performance

OTCMKTS:RNSHF remained flat at $42.30 during mid-day trading on Friday. The firm’s 50 day moving average is $41.02 and its two-hundred day moving average is $44.43. Renishaw has a one year low of $37.45 and a one year high of $55.00.

Renishaw Company Profile

Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services technological products and services, and analytical instruments and medical devices worldwide. The company offers co-ordinate measuring machine products, hardware, software, retrofits, machine tool probes, diagnostics, encoders, tool setters, performance measurement systems, gauging systems, modular and custom fixtures, and styli products for touch probe systems; machine calibration and optimization products; interferometric laser, magnetic, and open and enclosed optical encoders; and additive manufacturing systems.