Legrand SA (OTCMKTS:LGRDY) Short Interest Up 923.5% in October

Legrand SA (OTCMKTS:LGRDY) 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.

Legrand Stock Down 0.2 %

LGRDY traded down $0.05 on Friday, reaching $22.45. The company had a trading volume of 22,935 shares, compared to its average volume of 121,568. The company’s fifty day moving average is $22.45 and its 200 day moving average is $21.38. Legrand has a fifty-two week low of $16.75 and a fifty-two week high of $23.63.

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.