Legrand SA (OTCMKTS:LGRVF) Sees Significant Decline in Short Interest

Legrand SA (OTCMKTS:LGRVF) saw a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 94,700 shares, a drop of 14.9% from the July 31st total of 111,300 shares. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is presently 315.7 days.

Legrand Trading Up 2.9 %

LGRVF stock opened at $107.76 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.84 and a debt-to-equity ratio of 0.57. Legrand has a fifty-two week low of $92.10 and a fifty-two week high of $109.40. The firm’s 50-day simple moving average is $104.16 and its 200 day simple moving average is $104.07.

Legrand (OTCMKTS:LGRVF) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.23 EPS for the quarter. The company had revenue of $2.35 billion for the quarter. Legrand had a net margin of 12.91% and a return on equity of 15.63%. Analysts predict that Legrand will post 5.08 EPS for the current year.

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.