Legal & General Group Plc (OTCMKTS:LGGNY) Short Interest Down 63.2% in January

Legal & General Group Plc (OTCMKTS:LGGNY) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 86,200 shares, a decrease of 63.2% from the January 15th total of 234,400 shares. Based on an average daily trading volume, of 86,400 shares, the days-to-cover ratio is currently 1.0 days.

Legal & General Group Trading Down 1.9 %

Legal & General Group stock traded down $0.30 during mid-day trading on Wednesday, hitting $15.25. 98,445 shares of the company traded hands, compared to its average volume of 59,271. Legal & General Group has a one year low of $13.51 and a one year high of $16.74. The stock has a fifty day moving average price of $14.68 and a 200-day moving average price of $14.61.

Analyst Ratings Changes

Several research firms have recently weighed in on LGGNY. The Goldman Sachs Group raised shares of Legal & General Group from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, December 5th. UBS Group upgraded Legal & General Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th.

About Legal & General Group

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.