Larsen & Toubro Limited (OTCMKTS:LTOUF – Get Free Report) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 263,889 shares, a growth of 87.4% from the May 31st total of 140,816 shares. Based on an average daily trading volume, of 30 shares, the short-interest ratio is presently 8,796.3 days.
Larsen & Toubro Price Performance
Shares of OTCMKTS LTOUF opened at $41.95 on Friday. The business has a 50-day simple moving average of $42.63 and a two-hundred day simple moving average of $42.71. 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.
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