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

Legrand SA (OTCMKTS:LGRDY) was the target of a significant 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 trading volume, of 209,700 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Legrand Stock Performance

Shares of LGRDY stock opened at $22.42 on Friday. The stock has a market cap of $29.60 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 5.98 and a beta of 1.00. The stock has a 50-day moving average of $21.09 and a 200-day moving average of $21.32. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.95 and a quick ratio of 1.39. Legrand has a one year low of $18.94 and a one year high of $23.63.

Legrand (OTCMKTS:LGRDY) last issued its earnings results on Thursday, February 20th. The company reported $0.27 EPS 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 the consensus estimate of $2.19 billion. Legrand had a net margin of 13.48% and a return on equity of 16.63%. As a group, sell-side analysts expect that Legrand will post 1.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded Legrand from a “strong sell” rating to a “hold” rating in a research 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.