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

Legal & General Group Plc (OTCMKTS:LGGNY) saw a large 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 short-interest ratio is currently 1.5 days.

Legal & General Group Trading Down 2.8 %

Shares of OTCMKTS LGGNY traded down $0.39 during midday trading on Monday, reaching $13.61. The company had a trading volume of 121,082 shares, compared to its average volume of 79,914. The business’s 50-day simple moving average is $14.34 and its 200 day simple moving average is $14.61. Legal & General Group has a 1 year low of $13.59 and a 1 year high of $16.74.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LGGNY shares. The Goldman Sachs Group raised shares of Legal & General Group from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, December 5th. UBS Group upgraded shares of Legal & General Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th.

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.