Landis+Gyr Group AG (OTCMKTS:LGYRF) Sees Significant Growth in Short Interest

Landis+Gyr Group AG (OTCMKTS:LGYRFGet Rating) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 110,500 shares, an increase of 77.4% from the March 15th total of 62,300 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 1,105.0 days.

Separately, JPMorgan Chase & Co. lifted their target price on shares of Landis+Gyr Group from CHF 65 to CHF 70 and gave the stock an “underweight” rating in a report on Thursday, February 17th.

LGYRF stock remained flat at $$64.45 during trading on Friday. The company’s 50 day simple moving average is $64.45 and its 200 day simple moving average is $64.45. Landis+Gyr Group has a 12 month low of $64.45 and a 12 month high of $79.75.

Landis+Gyr Group Company Profile (Get Rating)

Landis+Gyr Group AG provides integrated energy management solutions to utilities sector in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers digital and prepayment electricity, commercial/industrial and grid, and smart gas meters; heat and water meters and solutions; load control devices; and system deployment, managed network, energy data management, and advanced meter solutions.

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