Posted by admin on May 27th, 2022
Reliance Worldwide Co. Limited (OTCMKTS:RLLWF – Get Rating) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 815,200 shares, a growth of 101.1% from the April 30th total of 405,300 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is currently 226.4 days.
A number of analysts have commented on RLLWF shares. JPMorgan Chase & Co. raised shares of Reliance Worldwide from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 17th. The Goldman Sachs Group assumed coverage on shares of Reliance Worldwide in a research report on Thursday. They issued a “buy” rating and a $4.80 price target for the company.
Shares of OTCMKTS RLLWF remained flat at $$2.98 during mid-day trading on Friday. The stock has a 50-day moving average price of $3.05 and a 200 day moving average price of $3.74. Reliance Worldwide has a one year low of $2.72 and a one year high of $4.82.
About Reliance Worldwide (Get Rating)
Reliance Worldwide Corporation Limited, together with its subsidiaries, engages in the design, manufacture, and supply of water flow, control, and monitoring products and solutions for plumbing and heating industries. It offers push-to-connect plumbing fittings for the installation and repair of water reticulation systems; crimp fittings, expansion fittings, and accessories; coiled and straight length tubing; polybutylene pipe for domestic water and central heating systems; LLDPE tubing for fluid control applications; and rigid nylon and aluminum piping for air and pneumatic systems.
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