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

Legal & General Group PLC (OTCMKTS:LGGNY) saw a large decrease in short interest during 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 trading volume of 129,497 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.0% of the shares of the stock are short sold.

Legal & General Group Trading Up 1.1%

LGGNY stock traded up $0.21 during midday trading on Tuesday, hitting $20.04. 20,647 shares of the company traded hands, compared to its average volume of 65,778. Legal & General Group has a twelve month low of $15.25 and a twelve month high of $21.60. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 2.12. The business has a 50 day simple moving average of $20.20 and a 200-day simple moving average of $18.62.

Analyst Upgrades and Downgrades

LGGNY has been the topic of several recent research reports. Zacks Research upgraded shares of Legal & General Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Citigroup cut shares of Legal & General Group from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 8th. The Goldman Sachs Group downgraded Legal & General Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Finally, UBS Group downgraded shares of Legal & General Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Strong Sell”.

About Legal & General Group

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.