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

Xero Limited (OTCMKTS:XROLF) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 326,300 shares, a drop of 28.4% from the March 31st total of 455,800 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is presently 407.9 days.

Xero Stock Performance

Xero stock opened at $93.16 on Friday. Xero has a 12-month low of $78.00 and a 12-month high of $118.88. The firm’s fifty day moving average is $101.04 and its 200 day moving average is $104.31.

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.