Short Interest in Xero Limited (OTCMKTS:XROLF) Increases By 35.4%

Xero Limited (OTCMKTS:XROLF) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 417,600 shares, an increase of 35.4% from the February 28th total of 308,500 shares. Based on an average daily volume of 500 shares, the short-interest ratio is presently 835.2 days.

Xero Price Performance

Shares of XROLF opened at $103.26 on Tuesday. The stock has a 50 day simple moving average of $109.62 and a 200-day simple moving average of $105.50. Xero has a 1 year low of $78.00 and a 1 year high of $118.88.

About Xero

Xero Limited, together with its subsidiaries, operates as a software as a service company in New Zealand, Australia, the United Kingdom, and internationally. The company offers Xero, an open platform that connects small businesses to a range of solutions, which helps to manage their finances. It also provides Xero mobile app; and accountant/bookkeeper tools, including Xero HQ, Xero Practice Manager, Xero Workpapers, and Xero Cashbook or Xero Ledger.