Legrand SA (OTCMKTS:LGRDY) Short Interest Down 31.1% in June

Legrand SA (OTCMKTS:LGRDY) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 19,300 shares, a decline of 31.1% from the May 31st total of 28,000 shares. Based on an average daily trading volume, of 102,000 shares, the days-to-cover ratio is currently 0.2 days.

Legrand Stock Performance

Shares of OTCMKTS:LGRDY traded down $0.35 during mid-day trading on Friday, hitting $19.84. 75,971 shares of the company traded hands, compared to its average volume of 125,673. Legrand has a 52-week low of $16.75 and a 52-week high of $22.68. The firm’s 50 day simple moving average is $21.16 and its 200 day simple moving average is $20.58.

Legrand Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th were paid a dividend of $0.4504 per share. The ex-dividend date of this dividend was Thursday, May 30th. This is an increase from Legrand’s previous dividend of $0.30.

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.