Legal & General Group PLC (OTCMKTS:LGGNY) Short Interest Up 132.4% in May

Legal & General Group PLC (OTCMKTS:LGGNY) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 136,589 shares, a growth of 132.4% from the May 14th total of 58,770 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 115,740 shares, the short-interest ratio is presently 1.2 days.

Legal & General Group Price Performance

LGGNY stock opened at $19.00 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 3.18 and a quick ratio of 3.18. Legal & General Group has a 1-year low of $15.25 and a 1-year high of $19.08. The business’s 50 day simple moving average is $17.76 and its 200 day simple moving average is $17.49.

Analyst Upgrades and Downgrades

Several research firms have commented on LGGNY. Jefferies Financial Group cut Legal & General Group from a “hold” rating to a “moderate sell” rating in a research note on Monday, May 4th. Zacks Research raised Legal & General Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Legal & General Group has a consensus rating of “Reduce”.

About Legal & General Group

Legal & General Group is a London‑headquartered multinational financial services company with roots dating back to the 19th century. The firm provides a range of life insurance, retirement and protection products alongside savings and workplace pension solutions. Over its history it has expanded beyond traditional insurance into asset management and long‑term investment activities aimed at serving both individual and institutional clients.

Core operations include life assurance, annuities and pension de‑risking for corporate clients, together with retail and workplace pension provision.