Short Interest in Larsen & Toubro Limited (OTCMKTS:LTOUF) Decreases By 46.4%

Larsen & Toubro Limited (OTCMKTS:LTOUF) was the target of a large drop in short interest in 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 trading volume of 6 shares, the short-interest ratio is currently 23,563.8 days.

Larsen & Toubro Price Performance

Larsen & Toubro stock opened at $41.95 on Wednesday. The company’s 50 day simple moving average is $41.83 and its 200 day simple moving average is $42.54. Larsen & Toubro has a fifty-two week low of $29.23 and a fifty-two week high of $48.00.

About Larsen & Toubro

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.