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

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

Xero Stock Performance

OTCMKTS:XROLF opened at $103.26 on Monday. The business’s 50-day moving average is $109.59 and its 200 day moving average is $105.45. Xero has a 12 month low of $78.00 and a 12 month 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.