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

Key Points

• The short interest for London Stock Exchange Group plc decreased by 79.0% in July, falling from 342,400 shares to 71,900 shares as of July 31st.
• The company's stock is currently trading at $31.84, which is 0.6% lower than the previous trading session, with a 1-year high of $39.98 and a low of $30.53.
• London Stock Exchange Group has announced a dividend of $0.124 per share to be paid on October 2nd, following a "strong-buy" rating upgrade from BNP Paribas.

London Stock Exchange Group plc - Unsponsored ADR (OTCMKTS:LNSTY - Get Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 71,900 shares, adeclineof79.0% from the July 15th total of 342,400 shares. Based on an average daily trading volume, of 913,800 shares, the short-interest ratio is currently 0.1 days. Currently,0.0% of the shares of the company are short sold. Currently,0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 913,800 shares, the short-interest ratio is currently 0.1 days.

London Stock Exchange Group Price Performance

LNSTY stock traded up $0.70 during trading on Wednesday, hitting $32.59. The stock had a trading volume of 1,277,743 shares, compared to its average volume of 1,153,184. London Stock Exchange Group has a twelve month low of $30.53 and a twelve month high of $39.98. The company's 50-day moving average price is $35.30 and its two-hundred day moving average price is $36.77. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33.

London Stock Exchange Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 2nd. Investors of record on Monday, August 18th will be given a dividend of $0.124 per share. This represents a dividend yield of 107.0%. The ex-dividend date is Friday, August 15th.

Analyst Ratings Changes

Separately, BNP Paribas upgraded London Stock Exchange Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, London Stock Exchange Group has an average rating of "Strong Buy".

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.