Legal & General Group Plc (OTCMKTS:LGGNY) Sees Significant Increase in Short Interest

Legal & General Group Plc (OTCMKTS:LGGNY) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 20,100 shares, an increase of 16.9% from the November 15th total of 17,200 shares. Based on an average daily trading volume, of 182,500 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group upgraded shares of Legal & General Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. The Goldman Sachs Group raised shares of Legal & General Group from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, December 5th.

Legal & General Group Trading Down 1.2 %

Shares of OTCMKTS LGGNY traded down $0.18 during midday trading on Monday, hitting $14.66. The company’s stock had a trading volume of 56,714 shares, compared to its average volume of 61,424. Legal & General Group has a 12-month low of $13.70 and a 12-month high of $16.74. The business’s 50 day moving average is $14.44 and its two-hundred day moving average is $14.74.

About Legal & General Group

Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in Legal & General Retirement Institutional (LGRI), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Retail segments.