Short Interest in Legal & General Group Plc (OTCMKTS:LGGNY) Increases By 68.5%

Legal & General Group Plc (OTCMKTS:LGGNY) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 75,000 shares, an increase of 68.5% from the February 13th total of 44,500 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 54,200 shares, the days-to-cover ratio is presently 1.4 days.

Legal & General Group Price Performance

LGGNY traded up $0.15 during midday trading on Friday, hitting $16.05. 32,770 shares of the company’s stock traded hands, compared to its average volume of 52,809. The stock’s fifty day simple moving average is $15.18 and its 200-day simple moving average is $14.79. Legal & General Group has a one year low of $13.51 and a one year high of $16.74.

Analyst Ratings Changes

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