London Stock Exchange Group plc - Unsponsored ADR (OTCMKTS:LNSTY) Short Interest Update

Key Points

• Short interest in the London Stock Exchange Group plc increased significantly by 665.6% in August, reaching a total of 550,500 shares as of August 15th.
• The company recently cut its dividend, declaring $0.124 per share with a yield of 107.0%, payable on October 2nd.
• Analysts have upgraded the stock to a "strong-buy" rating, reflecting positive sentiment with an average rating of "Strong Buy" from multiple analysts.

London Stock Exchange Group plc - Unsponsored ADR (OTCMKTS:LNSTY - Get Free Report) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 550,500 shares, agrowthof665.6% from the July 31st total of 71,900 shares. Based on an average daily volume of 2,717,200 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 2,717,200 shares, the days-to-cover ratio is currently 0.2 days.

London Stock Exchange Group Stock Down 2.2%

OTCMKTS LNSTY traded down $0.68 on Tuesday, reaching $30.73. 3,107,516 shares of the stock traded hands, compared to its average volume of 642,618. The firm's fifty day simple moving average is $34.45 and its 200 day simple moving average is $36.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.00. London Stock Exchange Group has a 12 month low of $30.53 and a 12 month high of $39.98.

London Stock Exchange Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

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 investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock 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.

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