Legrand SA (OTCMKTS:LGRDY) Short Interest Down 66.9% in February

Legrand SA (OTCMKTS:LGRDY) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 4,400 shares, a decline of 66.9% from the January 31st total of 13,300 shares. Based on an average daily trading volume, of 202,200 shares, the days-to-cover ratio is currently 0.0 days.

Legrand Price Performance

Legrand stock traded down $0.12 during mid-day trading on Friday, hitting $21.84. 80,135 shares of the company traded hands, compared to its average volume of 111,532. The stock has a fifty day moving average price of $20.47 and a 200-day moving average price of $21.23. The stock has a market cap of $28.83 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 5.98 and a beta of 1.00. Legrand has a one year low of $18.94 and a one year high of $23.63. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.39 and a current ratio of 1.95.

Legrand (OTCMKTS:LGRDY) last announced its 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 company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.19 billion. Legrand had a net margin of 13.48% and a return on equity of 16.63%. On average, equities analysts predict that Legrand will post 1.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.