Schroders plc (OTCMKTS:SHNWF) Short Interest Down 26.2% in March

Schroders plc (OTCMKTS:SHNWF) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 345,600 shares, a drop of 26.2% from the February 28th total of 468,300 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,300 shares, the short-interest ratio is presently 265.8 days.

Schroders Price Performance

SHNWF opened at $4.64 on Friday. The business’s fifty day simple moving average is $4.43 and its 200 day simple moving average is $4.35. Schroders has a 52 week low of $4.00 and a 52 week high of $5.12.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SHNWF. Barclays reaffirmed an “overweight” rating on shares of Schroders in a report on Friday, March 7th. Royal Bank of Canada raised Schroders from a “hold” rating to a “moderate buy” rating in a report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Schroders in a report on Friday, March 7th.

About Schroders

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.