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

Legal & General Group Plc (OTCMKTS:LGGNY) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 6,400 shares, a drop of 82.6% from the September 15th total of 36,700 shares. Based on an average trading volume of 64,100 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Legal & General Group Stock Performance

OTCMKTS LGGNY traded down $0.10 on Thursday, hitting $14.68. 53,291 shares of the company’s stock traded hands, compared to its average volume of 59,464. The firm’s 50-day moving average price is $14.76 and its two-hundred day moving average price is $15.22. The company has a debt-to-equity ratio of 1.28, a quick ratio of 3.00 and a current ratio of 3.00. Legal & General Group has a 1-year low of $12.38 and a 1-year high of $16.74.

Legal & General Group Cuts Dividend

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

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.