Legal & General Group PLC (OTCMKTS:LGGNY) Short Interest Up 132.4% in May

Legal & General Group PLC (OTCMKTS:LGGNY) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 136,589 shares, an increase of 132.4% from the May 14th total of 58,770 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 115,740 shares, the days-to-cover ratio is presently 1.2 days.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Zacks Research upgraded shares of Legal & General Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Jefferies Financial Group cut shares of Legal & General Group from a “hold” rating to a “moderate sell” rating in a report on Monday, May 4th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

Legal & General Group Stock Performance

OTCMKTS:LGGNY opened at $19.00 on Monday. The company’s 50 day moving average price is $17.76 and its 200-day moving average price is $17.50. Legal & General Group has a 52 week low of $15.25 and a 52 week high of $19.08. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 2.12.

About Legal & General Group

Legal & General Group is a London?headquartered multinational financial services company with roots dating back to the 19th century. The firm provides a range of life insurance, retirement and protection products alongside savings and workplace pension solutions. Over its history it has expanded beyond traditional insurance into asset management and long?term investment activities aimed at serving both individual and institutional clients.

Core operations include life assurance, annuities and pension de?risking for corporate clients, together with retail and workplace pension provision.