London Stock Exchange Group plc (OTCMKTS:LNSTY) Sees Significant Drop in Short Interest

London Stock Exchange Group plc (OTCMKTS:LNSTY) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 154,700 shares, a decrease of 74.3% from the February 28th total of 601,100 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 879,100 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Citigroup upgraded London Stock Exchange Group to a “strong-buy” rating in a report on Tuesday, January 28th.

London Stock Exchange Group Stock Up 1.5 %

Shares of London Stock Exchange Group stock traded up $0.56 on Friday, hitting $37.73. The company had a trading volume of 193,932 shares, compared to its average volume of 514,707. The stock has a 50-day moving average of $36.82 and a 200-day moving average of $35.82. London Stock Exchange Group has a twelve month low of $27.21 and a twelve month high of $38.38.

London Stock Exchange Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 5th. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.2309 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a boost from London Stock Exchange Group’s previous dividend of $0.12.

About London Stock Exchange Group

London Stock Exchange Group plc operates as a financial markets infrastructure and data provider primarily in the United Kingdom and internationally. The company operates in three segments: Data & Analytics, Capital Markets, and Post Trade. It operates a range of international equity, fixed income, exchange-traded funds/exchange-traded products, and foreign exchange markets through the London Stock Exchange, AIM, Turquoise, FXall, Matching, and Tradeweb.