Lloyds Banking Group PLC Sees Significant Growth in Short Interest (LYG)
Lloyds Banking Group PLC (NYSE:LYG) was the recipient of a large growth in short interest during the month of June. As of June 13th, there was short interest totalling 13,134,064 shares, a growth of 63.5% from the May 30th total of 8,033,379 shares, AnalystRatings.Net reports. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 8,531,247 shares, the days-to-cover ratio is presently 1.5 days.
A number of research firms have recently commented on LYG. Analysts at Investec reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Friday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Thursday. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy”.
Lloyds Banking Group PLC (NYSE:LYG) opened at 5.32 on Monday. Lloyds Banking Group PLC has a one year low of $3.85 and a one year high of $5.76. The stock has a 50-day moving average of $5.23 and a 200-day moving average of $5.29. The company’s market cap is $95.428 billion.
Lloyds Banking Group plc, is a holding company. The Company is a financial services group providing a range of banking and financial services, primarily in the United Kingdom, to personal and corporate customers.
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