Legal & General Group Plc (OTCMKTS:LGGNY) Short Interest Up 68.5% in February

Legal & General Group Plc (OTCMKTS:LGGNY) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 75,000 shares, a growth of 68.5% from the February 13th total of 44,500 shares. Based on an average trading volume of 54,200 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.0% of the shares of the company are short sold.

Legal & General Group Stock Up 0.9 %

Shares of Legal & General Group stock traded up $0.15 on Friday, reaching $16.05. 32,770 shares of the company were exchanged, compared to its average volume of 52,809. The stock has a fifty day moving average price of $15.18 and a 200-day moving average price of $14.79. Legal & General Group has a fifty-two week low of $13.51 and a fifty-two week high of $16.74.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LGGNY. The Goldman Sachs Group upgraded Legal & General Group from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, December 5th. UBS Group upgraded Legal & General Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th.

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.