Short Interest in Schroders (OTCMKTS:SHNWF) Drops By 24.3%

Schroders (OTCMKTS:SHNWF) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 89,186 shares, a decline of 24.3% from the February 26th total of 117,741 shares. Based on an average daily trading volume, of 3,129 shares, the short-interest ratio is presently 28.5 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SHNWF shares. Royal Bank Of Canada cut shares of Schroders from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Schroders in a report on Tuesday, January 6th. Finally, UBS Group lowered Schroders from a “buy” rating to a “neutral” rating in a report on Thursday, February 19th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Schroders Stock Performance

Shares of SHNWF stock opened at $7.30 on Friday. Schroders has a fifty-two week low of $3.50 and a fifty-two week high of $7.98. The stock’s 50-day simple moving average is $7.11 and its 200-day simple moving average is $5.92.

About Schroders

Schroders plc is a global asset management company headquartered in London, United Kingdom, with a history dating back to its founding in 1804 as J. Henry Schröder & Co Over more than two centuries, the firm has grown organically and through selective acquisitions to establish itself as one of the world’s leading investment managers. Schroders is publicly traded on the London Stock Exchange and operates under the ticker SHNWF in the OTC Markets for investors seeking exposure to its equity.

The company offers a comprehensive suite of investment products and services, including active and passive equity strategies, fixed income, multi-asset solutions, alternatives such as real estate and private assets, as well as wealth planning and advisory services.