Lloyds Banking Group PLC (NYSE:LYG) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 4,079,915 shares, a growth of 84.5% from the January 15th total of 2,211,418 shares. Based on an average trading volume of 10,263,360 shares, the days-to-cover ratio is presently 0.4 days.
Shares of LYG opened at $2.96 on Friday. Lloyds Banking Group has a 1 year low of $2.43 and a 1 year high of $4.01. The company has a market cap of $53.33 billion, a price-to-earnings ratio of 5.38 and a beta of 1.00.
Several research firms recently issued reports on LYG. Goldman Sachs Group reissued a “sell” rating on shares of Lloyds Banking Group in a report on Thursday, December 20th. Zacks Investment Research raised shares of Lloyds Banking Group from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Macquarie raised shares of Lloyds Banking Group from an “underperform” rating to a “neutral” rating in a report on Thursday, October 25th. Keefe, Bruyette & Woods raised shares of Lloyds Banking Group from an “underperform” rating to an “outperform” rating in a report on Thursday, January 24th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Lloyds Banking Group in a report on Tuesday, January 22nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $4.25.
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About Lloyds Banking Group
Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. The company operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, and unsecured consumer lending products to personal and small business customers.
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