Legal & General Group Plc (OTCMKTS:LGGNY – Get Free Report) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 231,800 shares, an increase of 611.0% from the December 15th total of 32,600 shares. Based on an average daily volume of 154,700 shares, the days-to-cover ratio is presently 1.5 days.
Legal & General Group Trading Up 1.7 %
Shares of OTCMKTS LGGNY traded up $0.24 during mid-day trading on Wednesday, hitting $13.98. 132,514 shares of the stock traded hands, compared to its average volume of 92,826. Legal & General Group has a twelve month low of $13.51 and a twelve month high of $16.74. The firm has a 50 day simple moving average of $14.32 and a two-hundred day simple moving average of $14.60.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on LGGNY shares. The Goldman Sachs Group raised Legal & General Group from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, December 5th. UBS Group raised Legal & General Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th.
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.
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