Short Interest in Lloyds Banking Group PLC (LYG) Declines By 33.9%
Lloyds Banking Group PLC (NYSE:LYG) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 7,356,414 shares, a decline of 33.9% from the November 15th total of 11,122,862 shares. Based on an average trading volume of 4,199,863 shares, the days-to-cover ratio is presently 1.8 days.
Shares of Lloyds Banking Group (NYSE LYG) opened at $3.60 on Monday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.39 and a current ratio of 1.38. The stock has a market capitalization of $64,770.63, a PE ratio of 6.67 and a beta of 0.76. Lloyds Banking Group has a twelve month low of $3.06 and a twelve month high of $3.87.
Several brokerages have commented on LYG. Zacks Investment Research upgraded shares of Lloyds Banking Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 13th. UBS reiterated a “buy” rating on shares of Lloyds Banking Group in a research report on Monday, December 11th. BNP Paribas upgraded shares of Lloyds Banking Group from an “underperform” rating to a “neutral” rating in a research report on Monday, December 11th. Credit Suisse Group upgraded Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, October 10th. Finally, Goldman Sachs Group restated a “sell” rating on shares of Lloyds Banking Group in a report on Wednesday, December 6th. Seven research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $4.00.
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Lloyds Banking Group Company Profile
Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.
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