Schroders plc (OTCMKTS:SHNWF) Sees Large Increase in Short Interest

Schroders plc (OTCMKTS:SHNWF) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 2,530,600 shares, an increase of 632.2% from the March 15th total of 345,600 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 100 shares, the short-interest ratio is presently 25,306.0 days.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Schroders in a research note on Friday, March 7th. Barclays reiterated an “overweight” rating on shares of Schroders in a report on Friday, March 7th. Finally, Royal Bank of Canada raised shares of Schroders from a “hold” rating to a “moderate buy” rating in a report on Wednesday, February 5th.

Schroders Stock Performance

SHNWF stock opened at $3.50 on Tuesday. Schroders has a 52-week low of $3.50 and a 52-week high of $5.12. The stock’s fifty day simple moving average is $4.45 and its 200-day simple moving average is $4.34.

Schroders Company Profile

Schroders plc is a publicly owned investment manager. The firm also provides advisory and consultancy services. It provides its services to financial institutions, high net worth clients, large corporate, local authority, charitable entities, individuals, pension plans, government funds, insurance companies, and endowments.