Lloyds Banking Group PLC (NYSE:LYG) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 13,694,965 shares, an increase of 40.0% from the January 12th total of 9,782,707 shares. Based on an average trading volume of 5,538,873 shares, the days-to-cover ratio is currently 2.5 days.
Lloyds Banking Group (LYG) opened at $3.76 on Tuesday. Lloyds Banking Group has a 12-month low of $3.15 and a 12-month high of $4.21. The firm has a market capitalization of $65,830.00, a PE ratio of 15.67 and a beta of 0.80.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Keybank National Association OH acquired a new position in shares of Lloyds Banking Group during the 3rd quarter worth about $123,000. Flagship Harbor Advisors LLC acquired a new position in shares of Lloyds Banking Group during the 4th quarter worth about $132,000. Private Advisor Group LLC lifted its position in shares of Lloyds Banking Group by 86.5% during the 3rd quarter. Private Advisor Group LLC now owns 43,851 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 20,336 shares during the last quarter. Atria Investments LLC lifted its position in shares of Lloyds Banking Group by 140.2% during the 4th quarter. Atria Investments LLC now owns 51,373 shares of the financial services provider’s stock worth $193,000 after purchasing an additional 29,987 shares during the last quarter. Finally, Searle & CO. acquired a new position in Lloyds Banking Group in the 3rd quarter valued at approximately $220,000. 2.33% of the stock is owned by institutional investors and hedge funds.
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About Lloyds Banking Group
Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.
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