London Stock Exchange Group plc (OTCMKTS:LNSTY) sees sharp fall in short-term interest


London Stock Exchange Group plc (OTCMKTS:LNSTY – Get Rating) saw a significant drop in short interest during the month of May. As of May 31, there was short interest totaling 1,600 shares, down 51.5% from the May 15 total of 3,300 shares. Based on an average trading volume of 797,000 shares, the short-term interest rate ratio is currently 0.0 day.

Shares of the London Stock Exchange Group opened at $21.89 on Friday. London Stock Exchange Group has a 1-year low of $21.06 and a 1-year high of $29.26. The company has a 50-day moving average price of $24.30 and a 200-day moving average price of $24.14.

The company also recently announced a dividend, which was paid on Wednesday, June 8. Investors of record on Friday, April 29 received a dividend of $0.1831. The ex-dividend date was Thursday, April 28. This represents a return of 0.96%.

The LNSTY has been the subject of several research reports. Exane BNP Paribas has downgraded shares of the London Stock Exchange Group from an “outperforming” rating to a “neutral” rating and has set a target price of 8,600 GBX ($107.77) for the company. in a research report on Tuesday, April 12. UBS Group raised its price target on London Stock Exchange Group shares from 8,150 GBX ($102.13) to 8,500 GBX ($106.52) in a Thursday, April 28 research report. Two research analysts gave the stock a hold rating and seven gave the stock a buy rating. According to data from MarketBeat.com, the London Stock Exchange Group currently has a buy consensus rating and an average target price of $8,716.67.

About the London Stock Exchange Group (Get a rating)

London Stock Exchange Group plc is engaged in market infrastructure activities primarily in the UK, US, other European countries, Asia and internationally. The Company operates through three segments: Data and Analytics, Capital Markets and Back Office. It operates a range of international equity, fixed income, exchange-traded funds/exchange trading and foreign exchange markets, including the London Stock Exchange, AIM, Turquoise, CurveGlobal, FXall and Tradeweb.

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