London Stock Exchange Group plc - Unsponsored ADR (OTCMKTS:LNSTY) Sees Significant Increase in Short Interest

Key Points

• Short interest for the London Stock Exchange Group plc - Unsponsored ADR (OTCMKTS:LNSTY) increased by 134.8% in September, reaching a total of 830,700 shares as of September 30th.
• Analysts have a consensus rating of "Strong Buy" for the stock, with Citigroup reaffirming their buy rating and BNP Paribas upgrading it from "hold" to "strong-buy."
• The company recently declared a dividend of $0.124 per share, representing a dividend yield of 107.0%, with the dividend paid on October 2nd.

London Stock Exchange Group plc - Unsponsored ADR (OTCMKTS:LNSTY - Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 830,700 shares, an increase of 134.8% from the September 15th total of 353,800 shares. Based on an average daily volume of 2,647,200 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 2,647,200 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LNSTY. Citigroup reaffirmed a "buy" rating on shares of London Stock Exchange Group in a research note on Tuesday, September 30th. BNP Paribas raised London Stock Exchange Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Strong Buy".

London Stock Exchange Group Price Performance

Shares of OTCMKTS:LNSTY traded down $0.37 on Friday, hitting $29.11. 1,676,932 shares of the company traded hands, compared to its average volume of 1,840,018. London Stock Exchange Group has a 52 week low of $27.50 and a 52 week high of $39.98. The stock has a 50 day simple moving average of $30.30 and a 200-day simple moving average of $34.76.

London Stock Exchange Group Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, October 2nd. Stockholders of record on Monday, August 18th were issued a dividend of $0.124 per share. The ex-dividend date was Friday, August 15th. This represents a dividend yield of 107.0%.

About London Stock Exchange Group

London Stock Exchange Group plc operates as a financial markets infrastructure and data provider primarily in the United Kingdom and internationally. The company operates in three segments: Data & Analytics, Capital Markets, and Post Trade. It operates a range of international equity, fixed income, exchange-traded funds/exchange-traded products, and foreign exchange markets through the London Stock Exchange, AIM, Turquoise, FXall, Matching, and Tradeweb.

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