Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) Sees Significant Decrease in Short Interest

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 7,692 shares, a decline of 95.9% from the August 31st total of 188,711 shares. Based on an average daily volume of 67,446 shares, the days-to-cover ratio is presently 0.1 days. Approximately 32.0% of the shares of the company are short sold.

Insider Buying and Selling

In other Lion Group news, major shareholder Financial Lp Hrt sold 4,696 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $31.80, for a total value of $149,332.80. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last ninety days, insiders acquired 3,103 shares of company stock worth $58,630 and sold 7,003 shares worth $203,401. 8.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lion Group

A hedge fund recently bought a new stake in Lion Group stock. SmartHarvest Portfolios LLC bought a new stake in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 32,448 shares of the company’s stock, valued at approximately $29,000. SmartHarvest Portfolios LLC owned approximately 81.12% of Lion Group as of its most recent SEC filing. 0.17% of the stock is owned by hedge funds and other institutional investors.

Lion Group Trading Up 2.9%

Shares of NASDAQ:LGHL traded up $0.21 on Thursday, hitting $7.36. The company’s stock had a trading volume of 22,291 shares, compared to its average volume of 194,599. Lion Group has a 12 month low of $5.68 and a 12 month high of $3,931.20. The stock’s 50-day moving average is $14.28 and its two-hundred day moving average is $95.73. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.81.

Analyst Upgrades and Downgrades

LGHL has been the subject of several analyst reports. Wall Street Zen raised shares of Lion Group to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings cut shares of Lion Group from a “sell (e+)” rating to a “sell (e)” rating in a report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Lion Group Company Profile

Lion Group Holding Limited (NASDAQ: LGHL) is a financial services and fintech company that provides online brokerage and related investment services. Through its operating subsidiaries, the company offers access to securities and other investment products, including stocks, exchange-traded funds, options, futures, bonds and mutual funds.

The company also provides wealth management, asset management, investment banking and other corporate finance services. Its digital platforms are designed to support retail and institutional investors with account management, trading and market-information tools.

Lion Group Holding is headquartered in Hong Kong and has historically focused on serving clients in Greater China and other international markets.