Short Interest in Legal & General Group Plc (OTCMKTS:LGGNY) Grows By 171.9%

Legal & General Group Plc (OTCMKTS:LGGNY) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 17,400 shares, a growth of 171.9% from the September 30th total of 6,400 shares. Based on an average daily trading volume, of 107,800 shares, the days-to-cover ratio is presently 0.2 days.

Legal & General Group Trading Down 1.7 %

OTCMKTS LGGNY opened at $14.30 on Monday. Legal & General Group has a 12 month low of $12.46 and a 12 month high of $16.74. The company’s 50 day simple moving average is $14.86 and its 200 day simple moving average is $15.09.

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 given a dividend of $0.3567 per share. The ex-dividend date of this dividend was Friday, August 23rd.

Wall Street Analyst Weigh In

LGGNY has been the topic of a number of research analyst reports. Barclays raised Legal & General Group to a “strong-buy” rating in a report on Wednesday, July 31st. The Goldman Sachs Group raised shares of Legal & General Group to a “strong sell” rating in a research note on Wednesday, September 18th.

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.