Short Interest in Legrand SA (OTCMKTS:LGRDY) Rises By 923.5%

by · The Markets Daily

Legrand SA (OTCMKTS:LGRDY – Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 17,400 shares, an increase of 923.5% from the September 30th total of 1,700 shares. Based on an average daily volume of 55,300 shares, the days-to-cover ratio is presently 0.3 days.

Legrand Trading Down 0.2 %

Legrand stock traded down $0.05 during mid-day trading on Friday, hitting $22.45. 22,935 shares of the company traded hands, compared to its average volume of 121,568. Legrand has a one year low of $16.75 and a one year high of $23.63. The stock has a fifty day moving average price of $22.45 and a 200-day moving average price of $21.39.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis 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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