Lagardere SA (OTCMKTS:LGDDF) Sees Significant Drop in Short Interest

Lagardere SA (OTCMKTS:LGDDF) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 3,700 shares, a drop of 26.0% from the February 28th total of 5,000 shares. Based on an average trading volume of 2,400 shares, the days-to-cover ratio is currently 1.5 days.

Lagardere Price Performance

Shares of LGDDF stock remained flat at $21.95 on Monday. The firm has a 50 day simple moving average of $21.68 and a 200-day simple moving average of $22.44. Lagardere has a 12 month low of $20.76 and a 12 month high of $23.60.

About Lagardere

Lagardere SA engages in content publishing, production, broadcasting, and distribution businesses in France and internationally. It operates through two divisions: Lagardère Publishing, and Lagardère Travel Retail. The Lagardère Publishing division includes book publishing and e-publishing businesses, which cover the areas of education, general literature, illustrated books, partworks, dictionaries, children and youth adult, mobile games, board games, and stationery and distribution in English, French, and Spanish languages.