Legal & General Group PLC (OTCMKTS:LGGNY) Stock Short Interest Climbs 65.9%

Legal & General Group PLC (OTCMKTS:LGGNY) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 169,325 shares, an increase of 65.9% from the September 15th total of 102,046 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 121,522 shares, the short-interest ratio is currently 1.4 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LGGNY shares. Citigroup lowered shares of Legal & General Group from a “hold” rating to a “strong sell” rating in a report on Saturday, August 8th. UBS Group downgraded Legal & General Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Finally, The Goldman Sachs Group downgraded Legal & General Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Strong Sell”.

Legal & General Group Price Performance

OTCMKTS LGGNY opened at $19.74 on Friday. The business has a fifty day simple moving average of $19.95 and a 200 day simple moving average of $19.08. Legal & General Group has a 12 month low of $15.25 and a 12 month high of $21.60.

About Legal & General Group

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.