Legrand SA (OTCMKTS:LGRDY) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

Legrand SA (OTCMKTS:LGRDY – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 1,700 shares, a decline of 74.2% from the September 15th total of 6,600 shares. Based on an average trading volume of 182,300 shares, the days-to-cover ratio is presently 0.0 days.

Legrand Stock Performance

LGRDY traded down $0.29 during trading on Thursday, hitting $22.49. 21,285 shares of the company’s stock were exchanged, compared to its average volume of 126,515. The business’s 50 day moving average is $21.96 and its two-hundred day moving average is $21.24. Legrand has a fifty-two week low of $16.75 and a fifty-two week high of $23.63.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised shares of Legrand from a “neutral” rating to an “overweight” rating in a research note on Wednesday, September 11th.

Get Our Latest Stock Report on Legrand

About Legrand

(Get Free Report)

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.

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