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

Rolls-Royce Holdings plc (OTCMKTS:RYCEY) was the target of a large growth in short interest in the month of 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. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 14,481,600 shares, the short-interest ratio is currently 0.4 days.

Analyst Ratings Changes

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

Institutional Trading of Rolls-Royce Holdings plc

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its position in shares of Rolls-Royce Holdings plc by 60.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company’s stock worth $43,000 after purchasing an additional 2,287 shares during the period. First Horizon Advisors Inc. lifted its holdings 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 worth $46,000 after buying an additional 3,904 shares during the period. SVB Wealth LLC bought a new stake in Rolls-Royce Holdings plc during the 4th quarter valued at approximately $144,000. Financial Avengers Inc. grew its holdings in shares of 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 worth $152,000 after acquiring an additional 2,500 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Rolls-Royce Holdings plc by 35.7% during the 4th 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 during the period. Hedge funds and other institutional investors own 0.07% of the company’s stock.

Rolls-Royce Holdings plc Trading Down 1.6 %

RYCEY traded down $0.17 during midday trading on Wednesday, reaching $10.46. 1,571,400 shares of the company’s stock traded hands, compared to its average volume of 4,033,832. Rolls-Royce Holdings plc has a 52 week low of $4.83 and a 52 week high of $10.91. The firm has a fifty day moving average of $8.63 and a two-hundred day moving average of $7.64.

Rolls-Royce Holdings plc Announces Dividend

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