Short Interest in Legal & General Group PLC (OTCMKTS:LGGNY) Grows By 667.9%

Legal & General Group PLC (OTCMKTS:LGGNY) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 40,700 shares, an increase of 667.9% from the September 30th total of 5,300 shares. Based on an average daily volume of 71,000 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 71,000 shares, the short-interest ratio is presently 0.6 days.

Legal & General Group Trading Down 1.1%

OTCMKTS LGGNY opened at $15.93 on Thursday. The business’s fifty day moving average is $16.19 and its 200 day moving average is $16.59. Legal & General Group has a fifty-two week low of $13.51 and a fifty-two week high of $17.99.

Legal & General Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 3rd. Investors of record on Monday, August 25th were given a dividend of $0.3816 per share. The ex-dividend date was Friday, August 22nd. This represents a yield of 773.0%.

Analyst Ratings Changes

Several brokerages have commented on LGGNY. The Goldman Sachs Group downgraded Legal & General Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada downgraded Legal & General Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 22nd. Finally, UBS Group downgraded Legal & General Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

About Legal & General Group

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.