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

Xero Limited (OTCMKTS:XROLF) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 424,100 shares, a growth of 32.7% from the September 15th total of 319,500 shares. Based on an average daily volume of 3,800 shares, the short-interest ratio is currently 111.6 days.

Xero Trading Down 1.7 %

Shares of XROLF opened at $98.53 on Tuesday. Xero has a 1-year low of $61.53 and a 1-year high of $100.21. The firm has a fifty day simple moving average of $96.11 and a two-hundred day simple moving average of $89.14.

Xero Company Profile

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.