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

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 94,287 shares, a drop of 67.7% from the May 31st total of 292,045 shares. Based on an average daily volume of 906,070 shares, the short-interest ratio is presently 0.1 days. Currently, 2.2% of the shares of the stock are sold short.

Insider Activity at Lion Group

In other news, major shareholder Financial Lp Hrt sold 39,250 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $0.88, for a total transaction of $34,540.00. Following the completion of the transaction, the insider directly owned 3,967 shares of the company’s stock, valued at $3,490.96. This represents a 90.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders purchased 58,104 shares of company stock valued at $50,100 in the last three months. 8.70% of the stock is owned by insiders.

Institutional Trading of Lion Group

An institutional investor recently bought a new position in Lion Group stock. SmartHarvest Portfolios LLC purchased a new stake in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,448 shares of the company’s stock, valued at approximately $29,000. SmartHarvest Portfolios LLC owned approximately 81.12% of Lion Group at the end of the most recent reporting period. Institutional investors and hedge funds own 0.17% of the company’s stock.

Lion Group Stock Down 16.3%

LGHL stock traded down $0.06 during midday trading on Monday, reaching $0.32. The stock had a trading volume of 637,239 shares, compared to its average volume of 742,346. The company’s fifty day simple moving average is $0.76 and its 200 day simple moving average is $1.38. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.81. Lion Group has a 52-week low of $0.29 and a 52-week high of $54.86.

Lion Group shares are set to reverse split before the market opens on Thursday, July 9th. The 1-6 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, July 8th.

Lion Group (NASDAQ:LGHL) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($14.56) earnings per share for the quarter. The firm had revenue of $6.17 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Lion Group from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Lion Group Company Profile

Lion Group Holding Ltd., together with its subsidiaries, operates a trading platform for corporate clients, individual traders, and retail investors primarily in the People's Republic of China and Southeast Asia. Its trading platform offers a range of products and services comprising contracts for difference trading, over-the-counter stock options trading, futures and securities brokerage, and total return swap trading services through its Lion Brokers Pro app platform. The company's trading platform allows users to trade various futures products on futures exchanges worldwide, including the Chicago Mercantile Exchange, Singapore Exchange, the Hong Kong Futures Exchange, and Eurex Exchange; stocks listed on the New York Stock Exchange, Nasdaq and Hong Kong Stock Exchange; and the People's Republic of China stocks listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange that are eligible for the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs.