Larsen & Toubro Limited (OTCMKTS:LTOUF) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 236,300 shares, a decline of 21.0% from the September 15th total of 299,100 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 2,363.0 days.
LTOUF stock remained flat at $$11.30 during midday trading on Friday. The business has a fifty day moving average of $12.51. Larsen & Toubro has a one year low of $10.50 and a one year high of $20.55.
Separately, Investec downgraded Larsen & Toubro from a “buy” rating to a “hold” rating in a research note on Friday, July 17th.
Larsen & Toubro Company Profile
Larsen & Toubro Limited engages in engineering, construction, and manufacturing operations worldwide. The Infrastructure segment engineers and constructs building and factories, transportation infrastructure, heavy civil infrastructure, power transmission and distribution, water and effluent treatment, smart world, and communication projects, as well as metallurgical and material handling systems.
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