Lectra SA (OTCMKTS:LCTSF) Sees Significant Increase in Short Interest

Lectra SA (OTCMKTS:LCTSF) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 5,382 shares, an increase of 58.9% from the May 14th total of 3,387 shares. Based on an average daily volume of 4 shares, the days-to-cover ratio is presently 1,345.5 days.

Lectra Price Performance

OTCMKTS LCTSF opened at $28.65 on Thursday. Lectra has a 52 week low of $28.65 and a 52 week high of $32.50. The firm’s 50-day simple moving average is $28.47 and its two-hundred day simple moving average is $28.59.

Lectra Company Profile

Lectra SA provides industrial intelligence solutions for fashion, automotive, and furniture markets. The company's solutions include software, automated cutting equipment, data, and related services, which enable customers to automate and optimize product design, development, and manufacture of garments, car seats and interiors, airbags, and sofas, as well as to digitalize their processes. It also offers technical maintenance, support, training, and consulting services; and sells consumables and parts.