Legal & General Group Plc (OTCMKTS:LGGNY) Sees Large Increase in Short Interest

Legal & General Group Plc (OTCMKTS:LGGNY) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 20,100 shares, an increase of 16.9% from the November 15th total of 17,200 shares. Based on an average daily trading volume, of 182,500 shares, the days-to-cover ratio is currently 0.1 days.

Legal & General Group Stock Down 1.2 %

Shares of LGGNY traded down $0.18 during trading hours on Monday, reaching $14.66. 56,714 shares of the company traded hands, compared to its average volume of 61,424. Legal & General Group has a fifty-two week low of $13.70 and a fifty-two week high of $16.74. The stock has a fifty day simple moving average of $14.44 and a 200 day simple moving average of $14.74.

Analysts Set New Price Targets

LGGNY has been the subject of a number of research analyst reports. The Goldman Sachs Group upgraded Legal & General Group from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, December 5th. UBS Group upgraded Legal & General Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th.

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.