Renishaw plc (OTCMKTS:RNSHF) Sees Significant Growth in Short Interest

Renishaw plc (OTCMKTS:RNSHF) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 5,300 shares, an increase of 60.6% from the December 31st total of 3,300 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 53.0 days.

Renishaw Price Performance

Shares of RNSHF stock remained flat at $42.30 during mid-day trading on Friday. Renishaw has a 12-month low of $37.45 and a 12-month high of $55.00. The business has a 50-day moving average of $41.22 and a two-hundred day moving average of $44.14.

Renishaw Company Profile

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.