Schroders plc (OTCMKTS:SHNWF) Short Interest Up 632.2% in March

Schroders plc (OTCMKTS:SHNWF) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 2,530,600 shares, an increase of 632.2% from the March 15th total of 345,600 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 100 shares, the short-interest ratio is currently 25,306.0 days.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SHNWF. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Schroders in a report on Friday, March 7th. Barclays reiterated an “overweight” rating on shares of Schroders in a research report on Friday, March 7th. Finally, Royal Bank of Canada upgraded Schroders from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, February 5th.

Schroders Price Performance

Schroders stock remained flat at $3.50 during mid-day trading on Wednesday. The firm’s fifty day simple moving average is $4.44 and its 200 day simple moving average is $4.33. Schroders has a 1-year low of $3.50 and a 1-year high of $5.12.

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.