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

Rolls-Royce Holdings plc (OTCMKTS:RYCEY) was the target 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 volume of 14,481,600 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RYCEY shares. Citigroup downgraded shares of Rolls-Royce Holdings plc from a “buy” rating to a “neutral” rating in a research note on Monday, January 6th. Vertical Research raised Rolls-Royce Holdings plc to a “strong-buy” rating in a research report on Friday, February 28th.

Hedge Funds Weigh In On Rolls-Royce Holdings plc

Institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in shares of 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. increased its position in Rolls-Royce Holdings plc by 13.2% during the 3rd quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company’s stock valued at $152,000 after buying an additional 2,500 shares in the last quarter. First Horizon Advisors Inc. raised its stake in 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 valued at $46,000 after buying an additional 3,904 shares during the last quarter. HighPoint Advisor Group LLC raised its stake in Rolls-Royce Holdings plc by 17.0% in 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 boosted its holdings in Rolls-Royce Holdings plc by 35.7% in the fourth quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company’s stock worth $182,000 after acquiring an additional 6,727 shares in the last quarter. 0.07% of the stock is owned by hedge funds and other institutional investors.

Rolls-Royce Holdings plc Price Performance

RYCEY stock traded down $0.17 during trading on Thursday, reaching $10.46. 1,571,400 shares of the company traded hands, compared to its average volume of 4,033,832. The business has a 50 day simple moving average of $8.70 and a 200 day simple moving average of $7.66. Rolls-Royce Holdings plc has a 12 month low of $4.83 and a 12 month high of $10.91.

Rolls-Royce Holdings plc Dividend Announcement

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