Legal & General Group Plc (OTCMKTS:LGGNY) Short Interest Update

Legal & General Group Plc (OTCMKTS:LGGNY) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 6,400 shares, a drop of 82.6% from the September 15th total of 36,700 shares. Based on an average daily trading volume, of 64,100 shares, the short-interest ratio is currently 0.1 days.

Legal & General Group Price Performance

Shares of LGGNY traded down $0.10 during mid-day trading on Thursday, reaching $14.68. The stock had a trading volume of 53,291 shares, compared to its average volume of 59,464. Legal & General Group has a 52-week low of $12.38 and a 52-week high of $16.74. The business’s fifty day moving average is $14.76 and its 200 day moving average is $15.22. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 1.28.

Legal & General Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, August 23rd were paid a $0.3567 dividend. The ex-dividend date of this dividend was Friday, August 23rd.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LGGNY shares. Barclays upgraded Legal & General Group to a “strong-buy” rating in a report on Wednesday, July 31st. The Goldman Sachs Group raised Legal & General Group to a “strong sell” rating in a research note on Wednesday, September 18th.

About Legal & General Group

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.