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

Rolls-Royce Holdings plc (OTCMKTS:RYCEY) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 519,700 shares, a growth of 998.7% from the January 31st total of 47,300 shares. Based on an average daily trading volume, of 4,755,500 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Rolls-Royce Holdings plc

Several institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its holdings in shares of Rolls-Royce Holdings plc by 60.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company’s stock valued at $43,000 after purchasing an additional 2,287 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Rolls-Royce Holdings plc by 152.1% during the 4th quarter. First Horizon Advisors Inc. now owns 6,471 shares of the aerospace company’s stock valued at $46,000 after buying an additional 3,904 shares during the last quarter. SVB Wealth LLC purchased a new stake in Rolls-Royce Holdings plc during the 4th quarter valued at $144,000. Financial Avengers Inc. raised its stake in Rolls-Royce Holdings plc by 13.2% during the 3rd quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company’s stock valued at $152,000 after buying an additional 2,500 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Rolls-Royce Holdings plc by 35.7% during the 4th quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company’s stock valued at $182,000 after buying an additional 6,727 shares during the last quarter. 0.07% of the stock is currently owned by hedge funds and other institutional investors.

Rolls-Royce Holdings plc Trading Up 4.3 %

Rolls-Royce Holdings plc stock opened at $9.56 on Friday. The firm has a 50-day moving average of $7.49 and a 200-day moving average of $7.14. Rolls-Royce Holdings plc has a 1-year low of $4.61 and a 1-year high of $9.63.

Analyst Upgrades and Downgrades

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

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.