London Stock Exchange Group plc - Unsponsored ADR (OTCMKTS:LNSTY) Short Interest Down 55.7% in September

Key Points

• Short interest in London Stock Exchange Group plc's Unsponsored ADR decreased by 55.7% in September, falling from 798,800 shares to 353,800 shares.
• Analysts upgraded the stock's rating, with BNP Paribas changing it from "hold" to "strong-buy" and Citigroup reaffirming a "buy" rating.
• The company recently announced a dividend of $0.124, which represents a substantial yield of 107.0%.

London Stock Exchange Group plc - Unsponsored ADR (OTCMKTS:LNSTY - Get Free Report) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 353,800 shares, a drop of 55.7% from the August 31st total of 798,800 shares. Based on an average daily volume of 4,485,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 4,485,000 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. BNP Paribas upgraded London Stock Exchange Group from a "hold" rating to a "strong-buy" rating in a report on Friday, August 1st. Citigroup reaffirmed a "buy" rating on shares of London Stock Exchange Group in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, London Stock Exchange Group currently has an average rating of "Strong Buy".

London Stock Exchange Group Trading Up 0.0%

Shares of LNSTY stock traded up $0.01 on Friday, reaching $29.46. 1,698,807 shares of the stock were exchanged, compared to its average volume of 1,815,339. The firm has a 50 day moving average of $31.10 and a two-hundred day moving average of $35.36. London Stock Exchange Group has a 1-year low of $27.50 and a 1-year high of $39.98.

London Stock Exchange Group Cuts Dividend

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

London Stock Exchange Group Company Profile

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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