Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) Short Interest Update

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 26,483 shares, a decrease of 75.3% from the July 15th total of 107,006 shares. Based on an average daily trading volume, of 7,301,805 shares, the days-to-cover ratio is currently 0.0 days. Approximately 5.6% of the shares of the stock are short sold.

Lion Group Price Performance

LGHL stock traded up $0.02 during midday trading on Thursday, reaching $0.81. 6,863,565 shares of the stock were exchanged, compared to its average volume of 1,177,962. Lion Group has a 52 week low of $0.74 and a 52 week high of $317.06. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.81. The company has a fifty day moving average price of $3.15 and a 200 day moving average price of $7.36.

Wall Street Analysts Forecast Growth

LGHL has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of Lion Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded shares of Lion Group to a “hold” rating in a research report on Saturday, July 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Insiders Place Their Bets

In other Lion Group news, major shareholder Financial Lp Hrt acquired 34,355 shares of Lion Group stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of $0.94 per share, with a total value of $32,293.70. Following the completion of the purchase, the insider directly owned 74,710 shares of the company’s stock, valued at $70,227.40. This represents a 85.13% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders bought 62,093 shares of company stock valued at $58,674 and sold 140,121 shares valued at $203,480. 8.70% of the stock is owned by company insiders.

Institutional Trading of Lion Group

A hedge fund recently bought a new stake in Lion Group stock. Marex Group plc acquired a new stake in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 34,751 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned about 84.76% 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 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.