Legal & General Group Plc (OTCMKTS:LGGNY) Sees Significant Decrease in Short Interest

Legal & General Group Plc (OTCMKTS:LGGNY) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 44,500 shares, a decrease of 48.4% from the January 31st total of 86,200 shares. Based on an average daily volume of 100,200 shares, the days-to-cover ratio is currently 0.4 days.

Legal & General Group Stock Performance

LGGNY stock traded down $0.05 during trading hours on Friday, reaching $15.62. The stock had a trading volume of 34,705 shares, compared to its average volume of 52,408. The stock has a 50-day simple moving average of $14.86 and a 200 day simple moving average of $14.71. Legal & General Group has a fifty-two week low of $13.51 and a fifty-two week high of $16.74.

Analyst Upgrades and Downgrades

LGGNY has been the subject of several recent 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 research note 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.