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

Legal & General Group PLC (OTCMKTS:LGGNY) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 136,589 shares, an increase of 132.4% from the May 14th total of 58,770 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 115,740 shares, the short-interest ratio is currently 1.2 days.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group cut shares of Legal & General Group from a “hold” rating to a “moderate sell” rating in a report on Monday, May 4th. Zacks Research raised shares of Legal & General Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Legal & General Group Price Performance

Shares of LGGNY stock traded down $0.08 on Friday, reaching $19.00. The stock had a trading volume of 54,830 shares, compared to its average volume of 81,729. Legal & General Group has a 12 month low of $15.25 and a 12 month high of $19.08. The firm’s 50-day moving average is $17.76 and its two-hundred day moving average is $17.49. The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 2.12.

About Legal & General Group

Legal & General Group is a London‑headquartered multinational financial services company with roots dating back to the 19th century. The firm provides a range of life insurance, retirement and protection products alongside savings and workplace pension solutions. Over its history it has expanded beyond traditional insurance into asset management and long‑term investment activities aimed at serving both individual and institutional clients.

Core operations include life assurance, annuities and pension de‑risking for corporate clients, together with retail and workplace pension provision.