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Legal & General Group Plc (OTCMKTS:LGGNY) Sees Significant Growth in Short Interest

Legal & General Group logo with Finance background

Legal & General Group Plc (OTCMKTS:LGGNY - Get Free Report) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 231,800 shares, a growth of 611.0% from the December 15th total of 32,600 shares. Based on an average trading volume of 154,700 shares, the short-interest ratio is currently 1.5 days.

Legal & General Group Trading Up 1.0 %

LGGNY traded up $0.13 during trading on Monday, hitting $13.74. 132,533 shares of the stock were exchanged, compared to its average volume of 87,419. Legal & General Group has a 1-year low of $13.51 and a 1-year high of $16.74. The stock has a fifty day moving average price of $14.33 and a two-hundred day moving average price of $14.61.

Wall Street Analysts Forecast Growth

LGGNY has been the subject of several recent analyst reports. The Goldman Sachs Group upgraded shares of Legal & General Group from a "strong sell" rating to a "strong-buy" rating in a research report on Thursday, December 5th. UBS Group upgraded shares of Legal & General Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 5th.

Get Our Latest Stock Analysis on Legal & General Group

About Legal & General Group

(Get Free Report)

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.

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