Larsen & Toubro Limited (OTCMKTS:LTOUF – Get Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 141,383 shares, a drop of 46.4% from the June 15th total of 263,889 shares. Based on an average daily volume of 6 shares, the days-to-cover ratio is presently 23,563.8 days.
Larsen & Toubro Stock Performance
Shares of Larsen & Toubro stock remained flat at $41.95 on Friday. The company has a 50 day simple moving average of $41.80 and a 200-day simple moving average of $42.50. Larsen & Toubro has a 1 year low of $29.23 and a 1 year high of $48.00.
Larsen & Toubro Company Profile
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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