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

Schroders plc (OTCMKTS:SHNWF) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 345,600 shares, a decrease of 26.2% from the February 28th total of 468,300 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is presently 265.8 days.

Analyst Upgrades and Downgrades

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

Schroders Stock Performance

Shares of OTCMKTS SHNWF opened at $4.64 on Friday. Schroders has a 1 year low of $4.00 and a 1 year high of $5.12. The company’s 50-day moving average is $4.43 and its 200 day moving average is $4.35.

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.