Short Interest in Legal & General Group Plc (OTCMKTS:LGGNY) Declines By 63.2%

Legal & General Group Plc (OTCMKTS:LGGNY) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 86,200 shares, a decline of 63.2% from the January 15th total of 234,400 shares. Based on an average daily volume of 86,400 shares, the short-interest ratio is presently 1.0 days.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of Legal & General Group from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, December 5th. UBS Group raised shares of Legal & General Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th.

Legal & General Group Price Performance

Shares of OTCMKTS:LGGNY traded down $0.30 during midday trading on Wednesday, reaching $15.25. The company had a trading volume of 98,445 shares, compared to its average volume of 59,271. Legal & General Group has a 52-week low of $13.51 and a 52-week high of $16.74. The company’s 50 day moving average price is $14.68 and its 200 day moving average price is $14.61.

Legal & General Group Company Profile

Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in Legal & General Retirement Institutional (LGRI), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Retail segments.