Xero Limited (OTCMKTS:XROLF) Sees Large Growth in Short Interest

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

Xero Price Performance

Shares of XROLF opened at $103.26 on Wednesday. The stock’s 50-day moving average price is $109.64 and its two-hundred day moving average price is $105.55. Xero has a 12 month low of $78.00 and a 12 month high of $118.88.

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.