Legal & General Group PLC (OTCMKTS:LGGNY) Stock Short Interest Climbs 65.9%

Legal & General Group PLC (OTCMKTS:LGGNY) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 169,325 shares, an increase of 65.9% from the September 15th total of 102,046 shares. Based on an average daily volume of 121,522 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.0% of the company’s stock are short sold.

Legal & General Group Stock Performance

Shares of OTCMKTS:LGGNY opened at $19.74 on Friday. The business has a fifty day moving average price of $19.95 and a two-hundred day moving average price of $19.08. Legal & General Group has a 1 year low of $15.25 and a 1 year high of $21.60.

Wall Street Analysts Forecast Growth

LGGNY has been the subject of several analyst reports. Citigroup lowered shares of Legal & General Group from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 8th. UBS Group downgraded Legal & General Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Finally, The Goldman Sachs Group downgraded Legal & General Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Legal & General Group has a consensus rating of “Strong Sell”.

Legal & General Group Company Profile

Legal & General Group plc is a United Kingdom-based financial services company that provides insurance, retirement, investment management and capital solutions. Its businesses serve individual customers, employers, pension schemes, institutional investors and other organizations.

The company’s principal activities include workplace and individual pensions, retirement income products such as annuities, life insurance and protection products, and investment management through Legal & General Investment Management.