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

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 2,639,736 shares, an increase of 114.4% from the May 31st total of 1,231,458 shares. Based on an average trading volume of 6,096,091 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Rolls-Royce Holdings PLC Price Performance

Rolls-Royce Holdings PLC stock opened at $19.20 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.20 and a quick ratio of 0.91. The firm has a fifty day simple moving average of $17.07 and a two-hundred day simple moving average of $16.90. Rolls-Royce Holdings PLC has a twelve month low of $12.78 and a twelve month high of $19.59.

Analyst Ratings Changes

Several equities research analysts have issued reports on RYCEY shares. Wells Fargo & Company upgraded shares of Rolls-Royce Holdings PLC to a “strong-buy” rating in a research report on Tuesday, March 31st. Berenberg Bank raised Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 12th. Finally, BNP Paribas Exane assumed coverage on Rolls-Royce Holdings PLC in a research note on Friday, May 29th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat.com, Rolls-Royce Holdings PLC currently has an average rating of “Buy”.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

Several institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers grew its position in Rolls-Royce Holdings PLC by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company’s stock worth $1,103,000 after acquiring an additional 1,205 shares during the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. purchased a new stake in shares of Rolls-Royce Holdings PLC during the third quarter valued at approximately $1,690,000. Kelleher Financial Advisors purchased a new stake in shares of Rolls-Royce Holdings PLC during the third quarter valued at approximately $37,000. Financial Avengers Inc. grew its holdings in shares of Rolls-Royce Holdings PLC by 32.8% in the third quarter. Financial Avengers Inc. now owns 66,400 shares of the aerospace company’s stock worth $1,076,000 after purchasing an additional 16,400 shares during the last quarter. Finally, Dorsey Wright & Associates bought a new position in shares of Rolls-Royce Holdings PLC in the third quarter worth approximately $1,558,000. 0.07% of the stock is currently owned by hedge funds and other institutional investors.

About Rolls-Royce Holdings PLC

Rolls-Royce Holdings plc is a UK-based multinational engineering company that designs, manufactures and services power systems for the civil and defence aerospace, marine and energy markets. The company’s core activities include the development and production of turbine engines for commercial and military aircraft, propulsion and power systems for naval vessels, and industrial gas turbines for power generation and distributed energy applications. A significant portion of its business is focused on aftermarket support, providing maintenance, repair and overhaul (MRO) services and long-term service agreements to customers worldwide.

In aerospace, Rolls‑Royce is best known for its high-thrust turbofan engines used on widebody and regional aircraft, supported by comprehensive service programs and digital monitoring solutions that optimize engine health and operational availability.