Short Interest in Legrand SA (OTCMKTS:LGRVF) Rises By 121.7%

Key Points

• Legrand SA experienced a significant increase in short interest, rising by 121.7% in July, with a total of 229,200 shares shorted as of July 15th.
• The company's stock recently opened at $150.00, with a market cap of $39.92 billion and a PE ratio of 34.88.
• Legrand also announced a dividend of $2.20, which represents a substantial dividend yield of 241.0%.

Legrand SA (OTCMKTS:LGRVF - Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 229,200 shares, anincreaseof121.7% from the June 30th total of 103,400 shares. Based on an average daily volume of 3,600 shares, the short-interest ratio is presently 63.7 days. Based on an average daily volume of 3,600 shares, the short-interest ratio is presently 63.7 days.

Legrand Price Performance

OTCMKTS:LGRVF opened at $150.00 on Thursday. Legrand has a 1-year low of $95.34 and a 1-year high of $150.00. The company has a market capitalization of $39.92 billion, a PE ratio of 34.88 and a beta of 1.01. The firm's 50-day moving average price is $129.46 and its 200-day moving average price is $114.08. 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 Announces Dividend

The company also recently announced a dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 30th were issued a $2.20 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a yield of 241.0%.

About Legrand

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.