Renishaw plc (OTCMKTS:RNSHF) Short Interest Down 26.7% in December

Renishaw plc (OTCMKTS:RNSHF) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 3,300 shares, a decline of 26.7% from the December 15th total of 4,500 shares. Based on an average daily volume of 400 shares, the short-interest ratio is presently 8.3 days.

Wall Street Analysts Forecast Growth

Separately, Barclays raised Renishaw to a “strong sell” rating in a research report on Monday, September 23rd.

Renishaw Stock Performance

Shares of OTCMKTS RNSHF opened at $42.30 on Friday. The stock’s 50-day moving average is $41.00 and its two-hundred day moving average is $44.46. Renishaw has a 1-year low of $37.45 and a 1-year high of $55.00.

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.