Legrand SA (OTCMKTS:LGRDY) Short Interest Down 53.6% in March

Legrand SA (OTCMKTS:LGRDY) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 33,000 shares, a drop of 53.6% from the March 15th total of 71,100 shares. Based on an average daily volume of 164,500 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

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

Legrand Trading Up 1.8 %

OTCMKTS LGRDY traded up $0.38 during trading hours on Wednesday, hitting $21.21. 97,928 shares of the company’s stock were exchanged, compared to its average volume of 144,469. The firm has a market cap of $28.00 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 5.98 and a beta of 0.83. Legrand has a 1-year low of $18.85 and a 1-year high of $23.63. The stock has a 50-day simple moving average of $21.77 and a 200 day simple moving average of $21.14. 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 (OTCMKTS:LGRDY) last announced 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 business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.19 billion. Legrand had a return on equity of 16.63% and a net margin of 13.48%. On average, equities analysts forecast that Legrand will post 1.08 EPS for the current fiscal year.

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.