Hargreaves Lansdown plc (OTCMKTS:HRGLY) Sees Significant Increase in Short Interest

Hargreaves Lansdown plc (OTCMKTS:HRGLYGet Rating) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 800 shares, a growth of 100.0% from the May 31st total of 400 shares. Based on an average daily trading volume, of 1,400 shares, the short-interest ratio is presently 0.6 days.

Several analysts have commented on HRGLY shares. Liberum Capital lowered shares of Hargreaves Lansdown from a “buy” rating to a “hold” rating in a report on Thursday, April 7th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Hargreaves Lansdown from GBX 1,650 ($20.24) to GBX 1,530 ($18.77) in a report on Wednesday, March 16th. Jefferies Financial Group lowered shares of Hargreaves Lansdown from a “hold” rating to an “underperform” rating in a report on Monday, March 21st. Finally, Berenberg Bank lowered their target price on shares of Hargreaves Lansdown from GBX 1,250 ($15.34) to GBX 925 ($11.35) in a report on Friday, June 17th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1,314.00.

OTCMKTS HRGLY remained flat at $$19.13 during mid-day trading on Friday. 12 shares of the company were exchanged, compared to its average volume of 433. Hargreaves Lansdown has a 52 week low of $18.30 and a 52 week high of $46.92. The business’s 50-day moving average price is $21.33 and its two-hundred day moving average price is $28.82.

Hargreaves Lansdown Company Profile (Get Rating)

Hargreaves Lansdown plc provides investment services for individuals and corporates in the United Kingdom and Poland. It primarily operates Vantage, a direct-to-investor platform. The company offers stocks and shares individual savings accounts (ISAs), fund and share accounts, and junior and lifetime ISAs.

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