Renishaw plc (OTCMKTS:RNSHF) Sees Large Increase in Short Interest

Renishaw plc (OTCMKTS:RNSHF - Get Free Report) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 5,300 shares, an increase of 60.6% from the December 31st total of 3,300 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 53.0 days.

Renishaw Stock Performance

Shares of OTCMKTS:RNSHF remained flat at $42.30 during midday trading on Tuesday. 60 shares of the company traded hands, compared to its average volume of 4. Renishaw has a 1-year low of $37.45 and a 1-year high of $55.00. The firm has a fifty day moving average price of $41.41 and a two-hundred day moving average price of $44.03.

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.