Legal & General Group PLC (OTCMKTS:LGGNY) Short Interest Update

Legal & General Group PLC (OTCMKTS:LGGNY – Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 162,994 shares, a decrease of 50.2% from the August 15th total of 327,163 shares. Based on an average daily trading volume, of 129,497 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

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

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Legal & General Group Price Performance

Shares of LGGNY traded up $0.04 on Wednesday, hitting $20.14. The company’s stock had a trading volume of 23,675 shares, compared to its average volume of 65,712. The company has a debt-to-equity ratio of 2.12, a current ratio of 3.18 and a quick ratio of 3.18. The firm’s fifty day moving average price is $20.20 and its 200-day moving average price is $18.63. Legal & General Group has a fifty-two week low of $15.25 and a fifty-two week high of $21.60.

About Legal & General Group

(Get Free Report)

Legal & General Group plc is a U.K.-based financial services company that provides insurance, retirement, investment management and long-term savings products. Its businesses serve individual customers, employers, pension schemes and institutional investors, with a focus on helping clients manage financial and longevity risks.

The company’s retirement operations provide workplace pension solutions, bulk annuities and other products designed to transfer pension liabilities and support income in retirement.

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