Short Interest in Legal & General Group Plc (OTCMKTS:LGGNY) Expands By 611.0%

Legal & General Group Plc (OTCMKTS:LGGNY) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 231,800 shares, an increase of 611.0% from the December 15th total of 32,600 shares. Based on an average daily volume of 154,700 shares, the short-interest ratio is presently 1.5 days.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LGGNY shares. The Goldman Sachs Group upgraded Legal & General Group from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, December 5th. UBS Group upgraded Legal & General Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th.

Legal & General Group Price Performance

Legal & General Group stock traded up $0.24 during mid-day trading on Wednesday, reaching $13.98. 132,514 shares of the company were exchanged, compared to its average volume of 92,826. The company has a fifty day simple moving average of $14.32 and a 200-day simple moving average of $14.60. Legal & General Group has a 12 month low of $13.51 and a 12 month high of $16.74.

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.