Short Interest in Legal & General Group Plc (OTCMKTS:LGGNY) Expands By 611.0%

Legal & General Group Plc (OTCMKTS:LGGNY) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 231,800 shares, an increase of 611.0% from the December 15th total of 32,600 shares. Based on an average daily trading volume, of 154,700 shares, the days-to-cover ratio is currently 1.5 days.

Analyst Upgrades and Downgrades

Several analysts recently commented 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 upgraded shares of Legal & General Group from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, December 5th.

Legal & General Group Stock Down 2.8 %

Shares of OTCMKTS LGGNY traded down $0.39 during trading on Monday, hitting $13.61. The company had a trading volume of 121,082 shares, compared to its average volume of 79,914. The stock has a fifty day simple moving average of $14.34 and a two-hundred day simple moving average of $14.61. Legal & General Group has a fifty-two week low of $13.59 and a fifty-two week high of $16.74.

Legal & General Group Company Profile

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.