Legal & General Group PLC (OTCMKTS:LGGNY) Shares Shorted: Short Interest Down 37.4% in September

Legal & General Group PLC (OTCMKTS:LGGNY) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 102,046 shares, a decline of 37.4% from the August 31st total of 162,994 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 134,964 shares, the short-interest ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LGGNY. 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. The Goldman Sachs Group cut shares of Legal & General Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Citigroup cut Legal & General Group from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 8th. Finally, Zacks Research raised Legal & General Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Legal & General Group has an average rating of “Strong Sell”.

Legal & General Group Stock Performance

Shares of OTCMKTS:LGGNY traded down $0.61 on Thursday, reaching $19.07. The company had a trading volume of 9,036 shares, compared to its average volume of 65,708. Legal & General Group has a twelve month low of $15.25 and a twelve month high of $21.60. The stock has a 50-day moving average price of $20.20 and a 200 day moving average price of $18.83. The company has a debt-to-equity ratio of 1.88, a current ratio of 3.25 and a quick ratio of 3.18.

Legal & General Group Company Profile

Legal & General Group plc is a United Kingdom-based financial services company that provides insurance, retirement, investment management and capital solutions. Its businesses serve individual customers, employers, pension schemes, institutional investors and other organizations.

The company’s principal activities include workplace and individual pensions, retirement income products such as annuities, life insurance and protection products, and investment management through Legal & General Investment Management.