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

Key Points

• Legal & General Group PLC saw a significant drop in short interest in July, decreasing from 26,800 shares to 5,000 shares, an 81.3% reduction.
• The company's stock is currently priced at $17.78, with a 12-month high of $17.99 and a 12-month low of $13.51.
• Recent analyst ratings show mixed opinions, with HSBC Global Research upgrading the stock to "hold," while Royal Bank of Canada downgraded it to "strong sell."

Legal & General Group PLC (OTCMKTS:LGGNY - Get Free Report) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 5,000 shares, adecreaseof81.3% from the July 15th total of 26,800 shares. Based on an average daily volume of 52,800 shares, the short-interest ratio is currently 0.1 days. Currently,0.0% of the company's shares are sold short. Currently,0.0% of the company's shares are sold short. Based on an average daily volume of 52,800 shares, the short-interest ratio is currently 0.1 days.

Legal & General Group Stock Performance

Shares of Legal & General Group stock traded down $0.10 during trading hours on Friday, hitting $17.78. 29,024 shares of the company's stock traded hands, compared to its average volume of 81,456. Legal & General Group has a 12-month low of $13.51 and a 12-month high of $17.99. The company has a fifty day simple moving average of $17.18 and a 200-day simple moving average of $16.28. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 2.19.

Analyst Upgrades and Downgrades

LGGNY has been the topic of a number of recent research reports. Hsbc Global Res raised Legal & General Group to a "hold" rating in a research report on Monday, May 19th. Royal Bank Of Canada cut shares of Legal & General Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 22nd. Finally, The Goldman Sachs Group downgraded shares of Legal & General Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 2nd.

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.

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