Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Sees Large Drop in Short Interest

Rolls-Royce Holdings plc (OTCMKTS:RYCEY) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 2,077,200 shares, a drop of 76.6% from the October 31st total of 8,879,100 shares. Based on an average trading volume of 6,476,700 shares, the short-interest ratio is presently 0.3 days.

Rolls-Royce Holdings plc Stock Performance

Shares of RYCEY stock traded up $0.04 during mid-day trading on Wednesday, hitting $6.86. The company’s stock had a trading volume of 3,065,358 shares, compared to its average volume of 3,737,285. The company’s fifty day simple moving average is $7.13 and its 200-day simple moving average is $6.35. Rolls-Royce Holdings plc has a 52 week low of $3.21 and a 52 week high of $7.62.

Institutional Investors Weigh In On Rolls-Royce Holdings plc

A number of hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in shares of Rolls-Royce Holdings plc by 49.5% during the 2nd quarter. GAMMA Investing LLC now owns 10,355 shares of the aerospace company’s stock worth $59,000 after buying an additional 3,430 shares in the last quarter. Financial Avengers Inc. increased its stake in shares of Rolls-Royce Holdings plc by 13.2% in the 3rd quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company’s stock valued at $152,000 after acquiring an additional 2,500 shares in the last quarter. Torray Investment Partners LLC acquired a new position in shares of Rolls-Royce Holdings plc during the 2nd quarter valued at $286,000. Fulton Bank N.A. boosted its stake in Rolls-Royce Holdings plc by 33.1% during the second quarter. Fulton Bank N.A. now owns 61,842 shares of the aerospace company’s stock worth $357,000 after acquiring an additional 15,394 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Rolls-Royce Holdings plc by 19.0% during the second quarter. Rhumbline Advisers now owns 83,570 shares of the aerospace company’s stock worth $479,000 after acquiring an additional 13,353 shares in the last quarter. 0.07% of the stock is currently owned by institutional investors.

About Rolls-Royce Holdings plc

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.