Schroders plc (OTCMKTS:SHNWF) Sees Significant Increase in Short Interest

Schroders plc (OTCMKTS:SHNWF - Get Free Report) was the target of a large increase in short interest in 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. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 25,306.0 days. Currently, 0.2% of the company's stock are sold short.

Schroders Stock Performance

Shares of OTCMKTS SHNWF remained flat at $3.50 during mid-day trading on Friday. Schroders has a one year low of $3.50 and a one year high of $5.12. The business has a 50 day moving average of $4.40 and a 200 day moving average of $4.31.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Schroders in a research note on Friday, March 7th. Barclays reissued an "overweight" rating on shares of Schroders in a research report on Friday, March 7th. Finally, Royal Bank of Canada upgraded shares of Schroders from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, February 5th.

Schroders Company Profile

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.