Xero Limited (OTCMKTS:XROLF) Short Interest Down 19.1% in October

Xero Limited (OTCMKTS:XROLF) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 340,500 shares, a drop of 19.1% from the October 15th total of 420,700 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 1,702.5 days.

Xero Trading Up 2.1 %

OTCMKTS:XROLF opened at $107.85 on Friday. Xero has a one year low of $64.50 and a one year high of $107.85. The firm’s 50 day simple moving average is $98.70 and its 200 day simple moving average is $92.15.

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.