Short Interest in Xero Limited (OTCMKTS:XROLF) Expands By 35.4%

Xero Limited (OTCMKTS:XROLF) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 417,600 shares, a growth of 35.4% from the February 28th total of 308,500 shares. Based on an average trading volume of 500 shares, the days-to-cover ratio is currently 835.2 days.

Xero Stock Performance

Xero stock opened at $103.26 on Tuesday. Xero has a 1 year low of $78.00 and a 1 year high of $118.88. The firm’s 50-day moving average is $109.62 and its 200-day moving average is $105.50.

Xero Company Profile

Xero Limited, together with its subsidiaries, operates as a software as a service company in New Zealand, Australia, the United Kingdom, and internationally. The company offers Xero, an open platform that connects small businesses to a range of solutions, which helps to manage their finances. It also provides Xero mobile app; and accountant/bookkeeper tools, including Xero HQ, Xero Practice Manager, Xero Workpapers, and Xero Cashbook or Xero Ledger.