Short Interest in Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Grows By 1,055.2%

Rolls-Royce Holdings plc (OTCMKTS:RYCEY) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 5,839,600 shares, an increase of 1,055.2% from the February 28th total of 505,500 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 14,481,600 shares, the short-interest ratio is currently 0.4 days.

Analysts Set New Price Targets

RYCEY has been the topic of a number of recent research reports. Vertical Research raised shares of Rolls-Royce Holdings plc to a “strong-buy” rating in a research report on Friday, February 28th. Citigroup cut shares of Rolls-Royce Holdings plc from a “buy” rating to a “neutral” rating in a report on Monday, January 6th.

Hedge Funds Weigh In On Rolls-Royce Holdings plc

Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its position in Rolls-Royce Holdings plc by 60.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company’s stock valued at $43,000 after purchasing an additional 2,287 shares during the last quarter. Financial Avengers Inc. lifted its stake in shares of Rolls-Royce Holdings plc by 13.2% in the third quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company’s stock worth $152,000 after buying an additional 2,500 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Rolls-Royce Holdings plc by 152.1% in the fourth quarter. First Horizon Advisors Inc. now owns 6,471 shares of the aerospace company’s stock worth $46,000 after buying an additional 3,904 shares in the last quarter. HighPoint Advisor Group LLC grew its holdings in shares of Rolls-Royce Holdings plc by 17.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 30,464 shares of the aerospace company’s stock valued at $233,000 after buying an additional 4,431 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Rolls-Royce Holdings plc by 35.7% during the fourth quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company’s stock valued at $182,000 after acquiring an additional 6,727 shares in the last quarter. Hedge funds and other institutional investors own 0.07% of the company’s stock.

Rolls-Royce Holdings plc Stock Down 1.6 %

RYCEY stock traded down $0.17 on Wednesday, reaching $10.46. 1,571,400 shares of the company traded hands, compared to its average volume of 4,033,832. The firm has a fifty day simple moving average of $8.63 and a 200-day simple moving average of $7.64. Rolls-Royce Holdings plc has a one year low of $4.83 and a one year high of $10.91.

Rolls-Royce Holdings plc Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, June 23rd. Stockholders of record on Tuesday, April 22nd will be paid a $0.0761 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd.

Rolls-Royce Holdings plc Company Profile

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.