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

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

Institutional Investors Weigh In On Rolls-Royce Holdings plc

Several large investors have recently added to or reduced their stakes in the stock. Boothe Investment Group Inc. bought a new position in Rolls-Royce Holdings plc in the 4th quarter worth about $8,489,000. SVB Wealth LLC acquired a new stake in Rolls-Royce Holdings plc in the 4th quarter valued at approximately $144,000. GAMMA Investing LLC increased its position in Rolls-Royce Holdings plc by 35.7% in the 4th 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 during the period. First Horizon Advisors Inc. raised its stake in Rolls-Royce Holdings plc by 152.1% during the 4th quarter. First Horizon Advisors Inc. now owns 6,471 shares of the aerospace company’s stock valued at $46,000 after acquiring an additional 3,904 shares in the last quarter. Finally, Henry James International Management Inc. grew its stake in shares of Rolls-Royce Holdings plc by 1.6% in the fourth quarter. Henry James International Management Inc. now owns 978,600 shares of the aerospace company’s stock worth $6,962,000 after purchasing an additional 15,436 shares in the last quarter. 0.07% of the stock is owned by institutional investors and hedge funds.

Rolls-Royce Holdings plc Stock Performance

Rolls-Royce Holdings plc stock opened at $10.39 on Friday. Rolls-Royce Holdings plc has a 1 year low of $4.83 and a 1 year high of $10.91. The firm’s 50-day moving average is $8.76 and its 200-day moving average is $7.68.

Rolls-Royce Holdings plc Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.