Larsen & Toubro Limited (OTCMKTS:LTOUF – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 263,889 shares, an increase of 87.4% from the May 31st total of 140,816 shares. Based on an average trading volume of 30 shares, the days-to-cover ratio is currently 8,796.3 days.
Larsen & Toubro Stock Performance
OTCMKTS LTOUF opened at $41.95 on Wednesday. Larsen & Toubro has a 12-month low of $29.23 and a 12-month high of $48.00. The firm’s 50 day moving average is $42.85 and its 200-day moving average is $42.76.
About Larsen & Toubro
Larsen & Toubro (OTCMKTS:LTOUF) is a diversified Indian conglomerate with roots dating back to 1938, when Danish engineers Henning Holck-Larsen and Soren Kristian Toubro established a partnership in Mumbai to represent Danish dairy equipment manufacturers. Over the decades, the company evolved into a leading engineering and construction powerhouse, gradually expanding its portfolio to include a wide range of industrial and infrastructure projects across multiple sectors.
The company’s core activities encompass engineering, procurement and construction (EPC) services for infrastructure projects such as roads, airports, metro rail systems and water treatment facilities.
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