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

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

Xero Price Performance

Shares of OTCMKTS XROLF opened at $107.85 on Friday. The business has a 50 day simple moving average of $98.70 and a 200 day simple moving average of $92.25. Xero has a 52 week low of $64.50 and a 52 week high of $107.85.

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.