Schroders plc (OTCMKTS:SHNWF) Sees Large Decrease in Short Interest

Schroders plc (OTCMKTS:SHNWF) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 769,200 shares, a drop of 25.2% from the November 15th total of 1,028,300 shares. Based on an average daily volume of 16,100 shares, the short-interest ratio is currently 47.8 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of Schroders to a “hold” rating in a research note on Thursday, October 10th.

Schroders Price Performance

Schroders stock traded up $0.02 during midday trading on Friday, reaching $4.20. The stock had a trading volume of 32,947 shares, compared to its average volume of 3,044. The stock’s 50-day simple moving average is $4.36 and its 200 day simple moving average is $4.59. Schroders has a twelve month low of $4.00 and a twelve month high of $5.50.

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.