Renishaw plc (OTCMKTS:RNSHF) Sees Large Decline in Short Interest

Renishaw plc (OTCMKTS:RNSHF) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 3,300 shares, a drop 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 currently 8.3 days.

Renishaw Stock Performance

OTCMKTS RNSHF remained flat at $42.30 during trading hours on Wednesday. The company had a trading volume of 5 shares, compared to its average volume of 518. Renishaw has a one year low of $37.45 and a one year high of $55.00. The business’s 50-day moving average is $40.98 and its 200-day moving average is $44.48.

Analyst Ratings Changes

Separately, Barclays raised shares of Renishaw to a “strong sell” rating in a research report 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.