Renishaw plc (OTCMKTS:RNSHF – Get Free Report) was the recipient of a significant 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 daily trading volume, of 400 shares, the days-to-cover ratio is presently 8.3 days.
Renishaw Price Performance
Shares of OTCMKTS RNSHF opened at $42.30 on Friday. The stock’s 50-day simple moving average is $41.00 and its 200-day simple moving average is $44.46. Renishaw has a fifty-two week low of $37.45 and a fifty-two week high of $55.00.
Analyst Ratings Changes
Separately, Barclays upgraded Renishaw to a “strong sell” rating in a research note on Monday, September 23rd.
About Renishaw
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.
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