Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Sees Large Growth in Short Interest

Rolls-Royce Holdings plc (OTCMKTS:RYCEY) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 47,300 shares, an increase of 119.0% from the January 15th total of 21,600 shares. Based on an average daily trading volume, of 4,795,000 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded Rolls-Royce Holdings plc from a “buy” rating to a “neutral” rating in a research note on Monday, January 6th.

Rolls-Royce Holdings plc Price Performance

Rolls-Royce Holdings plc stock traded up $0.03 during trading on Thursday, hitting $7.69. The stock had a trading volume of 1,777,388 shares, compared to its average volume of 2,250,983. The stock’s 50 day moving average is $7.29 and its two-hundred day moving average is $6.96. Rolls-Royce Holdings plc has a 1 year low of $3.80 and a 1 year high of $7.70.

Institutional Trading of Rolls-Royce Holdings plc

A number of hedge funds and other institutional investors have recently made changes to their positions in RYCEY. Financial Avengers Inc. lifted its stake in Rolls-Royce Holdings plc by 13.2% in the 3rd quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company’s stock worth $152,000 after purchasing an additional 2,500 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Rolls-Royce Holdings plc by 35.7% in the fourth quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company’s stock worth $182,000 after purchasing an additional 6,727 shares during the period. First Horizon Advisors Inc. raised its position in shares of Rolls-Royce Holdings plc by 152.1% in the fourth quarter. First Horizon Advisors Inc. now owns 6,471 shares of the aerospace company’s stock worth $46,000 after buying an additional 3,904 shares in the last quarter. Boothe Investment Group Inc. purchased a new stake in shares of Rolls-Royce Holdings plc in the fourth quarter worth $8,489,000. Finally, SVB Wealth LLC bought a new stake in Rolls-Royce Holdings plc during the fourth quarter valued at $144,000. 0.07% of the stock is currently owned by institutional investors.

About Rolls-Royce Holdings plc

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.