Xero Limited (OTCMKTS:XROLF) Sees Large Decline in Short Interest

Xero Limited (OTCMKTS:XROLF) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 340,500 shares, a decrease of 19.1% from the October 15th total of 420,700 shares. Based on an average daily volume of 200 shares, the short-interest ratio is currently 1,702.5 days.

Xero Price Performance

OTCMKTS:XROLF opened at $102.20 on Friday. The business has a fifty day simple moving average of $98.44 and a two-hundred day simple moving average of $91.94. Xero has a 1 year low of $64.50 and a 1 year high of $105.60.

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.