Legrand SA (OTCMKTS:LGRDY) Short Interest Up 1,497.7% in February

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

Legrand Price Performance

Shares of OTCMKTS LGRDY opened at $22.87 on Thursday. The stock has a market capitalization of $30.19 billion, a PE ratio of 23.87, a P/E/G ratio of 5.98 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.95 and a quick ratio of 1.39. The business has a fifty day moving average price of $20.96 and a two-hundred day moving average price of $21.30. Legrand has a fifty-two week low of $18.94 and a fifty-two week high of $23.63.

Legrand (OTCMKTS:LGRDY) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Legrand had a return on equity of 16.63% and a net margin of 13.48%. As a group, equities analysts predict that Legrand will post 1.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Legrand Company Profile

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.