Xero Limited (OTCMKTS:XROLF) Short Interest Update

Xero Limited (OTCMKTS:XROLF) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 486,019 shares, an increase of 68.1% from the January 15th total of 289,144 shares. Based on an average daily trading volume, of 2,151 shares, the short-interest ratio is currently 226.0 days. Based on an average daily trading volume, of 2,151 shares, the short-interest ratio is currently 226.0 days.

Xero Stock Down 11.0%

XROLF opened at $55.00 on Friday. Xero has a 52 week low of $54.00 and a 52 week high of $130.00. The business’s 50 day moving average is $69.36 and its two-hundred day moving average is $89.86.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upgraded shares of Xero from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Xero Company Profile

Xero Limited is a global software company specializing in cloud-based accounting solutions designed for small and medium-sized businesses. Its core platform enables users to manage invoicing, bank reconciliation, payroll, expense tracking and inventory in a unified environment. The company’s ecosystem supports seamless integration with a broad range of third-party applications, extending functionality in areas such as payments, analytics, time tracking and e-commerce.

Founded in Wellington, New Zealand, in 2006 by Rod Drury, Xero has grown from a local startup into a multinational technology provider.