Short Interest in Legrand SA (OTCMKTS:LGRDY) Grows By 1,497.7%

Legrand SA (OTCMKTS:LGRDY) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 70,300 shares, a growth of 1,497.7% from the February 13th total of 4,400 shares. Based on an average daily trading volume, of 209,700 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Legrand Price Performance

Shares of OTCMKTS LGRDY opened at $22.42 on Friday. The company has a fifty day moving average price of $21.09 and a 200 day moving average price of $21.32. The firm has a market cap of $29.60 billion, a PE ratio of 23.40, a PEG ratio of 5.98 and a beta of 1.00. The company has a current ratio of 1.95, a quick ratio of 1.39 and a debt-to-equity ratio of 0.68. Legrand has a 1-year low of $18.94 and a 1-year high of $23.63.

Legrand (OTCMKTS:LGRDY) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.19 billion. Legrand had a net margin of 13.48% and a return on equity of 16.63%. Research analysts predict that Legrand will post 1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upgraded shares of Legrand from a “strong sell” rating to a “hold” rating in a report on Monday, February 24th.

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.