Short Interest in Renishaw plc (OTCMKTS:RNSHF) Decreases By 55.7%

Renishaw plc (OTCMKTS:RNSHF) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 3,100 shares, a drop of 55.7% from the November 15th total of 7,000 shares. Based on an average trading volume of 200 shares, the short-interest ratio is presently 15.5 days.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded Renishaw to a “strong sell” rating in a report on Monday, September 23rd.

Renishaw Stock Performance

Shares of RNSHF remained flat at $42.22 during trading hours on Friday. The stock’s 50-day simple moving average is $42.87 and its two-hundred day simple moving average is $45.83. Renishaw has a 1 year low of $37.45 and a 1 year high of $55.00.

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.