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

Legal & General Group Plc (OTCMKTS:LGGNY) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 73,700 shares, an increase of 73,600.0% from the July 31st total of 100 shares. Based on an average daily volume of 301,800 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Barclays raised shares of Legal & General Group to a “strong-buy” rating in a research report on Wednesday, July 31st.

Legal & General Group Price Performance

OTCMKTS:LGGNY traded down $0.12 during midday trading on Tuesday, hitting $14.87. 41,654 shares of the company were exchanged, compared to its average volume of 62,058. The company has a fifty day simple moving average of $14.71 and a 200 day simple moving average of $15.38. Legal & General Group has a fifty-two week low of $12.38 and a fifty-two week high of $16.74. The company has a debt-to-equity ratio of 1.28, a current ratio of 3.00 and a quick ratio of 3.00.

Legal & General Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, October 4th. Investors of record on Friday, August 23rd will be paid a dividend of $0.3567 per share. The ex-dividend date of this dividend is Friday, August 23rd.

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.