Larsen & Toubro Limited (OTCMKTS:LTOUF – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 141,383 shares, a decrease of 46.4% from the June 15th total of 263,889 shares. Based on an average daily volume of 6 shares, the short-interest ratio is currently 23,563.8 days.
Larsen & Toubro Stock Performance
Shares of LTOUF remained flat at $41.95 during midday trading on Thursday. Larsen & Toubro has a 1 year low of $29.23 and a 1 year high of $48.00. The firm’s fifty day simple moving average is $41.80 and its 200 day simple moving average is $42.52.
Larsen & Toubro Company Profile
Larsen & Toubro (OTCMKTS:LTOUF) is a diversified Indian conglomerate with roots dating back to 1938, when Danish engineers Henning Holck-Larsen and Soren Kristian Toubro established a partnership in Mumbai to represent Danish dairy equipment manufacturers. Over the decades, the company evolved into a leading engineering and construction powerhouse, gradually expanding its portfolio to include a wide range of industrial and infrastructure projects across multiple sectors.
The company’s core activities encompass engineering, procurement and construction (EPC) services for infrastructure projects such as roads, airports, metro rail systems and water treatment facilities.
Featured Stories
- Five stocks we like better than Larsen & Toubro
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
Receive News & Ratings for Larsen & Toubro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Larsen & Toubro and related companies with MarketBeat.com's FREE daily email newsletter.
