Legrand SA (OTCMKTS:LGRDY – Get Free Report) was the target of a large increase in short interest during 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 trading volume, of 55,300 shares, the days-to-cover ratio is presently 0.3 days.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. upgraded shares of Legrand from a “neutral” rating to an “overweight” rating in a report on Wednesday, September 11th.
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Legrand Stock Down 0.2 %
About Legrand
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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