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

Schroders plc (OTCMKTS:SHNWF) was the recipient of a significant drop in short interest in 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,300 shares, the short-interest ratio is currently 265.8 days.

Analyst Ratings Changes

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

Schroders Stock Performance

Shares of OTCMKTS:SHNWF remained flat at $4.64 during mid-day trading on Tuesday. The business’s 50-day moving average is $4.45 and its 200 day moving average is $4.35. Schroders has a 1-year low of $4.00 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.