Lion Group Holding Ltd. (NASDAQ:LGHL – Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 58,800 shares, a growth of 880.0% from the February 29th total of 6,000 shares. Approximately 7.9% of the company’s shares are short sold. Based on an average daily volume of 171,200 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in LGHL. JPMorgan Chase & Co. increased its stake in shares of Lion Group by 68.6% during the second quarter. JPMorgan Chase & Co. now owns 337,838 shares of the company’s stock worth $287,000 after purchasing an additional 137,468 shares during the period. HRT Financial LP bought a new position in shares of Lion Group in the fourth quarter worth $31,000. Finally, Virtu Financial LLC increased its stake in Lion Group by 135.1% in the fourth quarter. Virtu Financial LLC now owns 77,710 shares of the company’s stock valued at $56,000 after acquiring an additional 44,654 shares during the last quarter. Institutional investors own 0.17% of the company’s stock.
Lion Group Stock Down 5.6 %
NASDAQ:LGHL traded down $0.05 on Thursday, reaching $0.77. The company’s stock had a trading volume of 65,749 shares, compared to its average volume of 169,297. The business’s 50-day moving average price is $0.99 and its two-hundred day moving average price is $1.12. Lion Group has a 1-year low of $0.66 and a 1-year high of $19.45.
Lion Group Company Profile
Lion Group Holding Ltd., together with its subsidiaries, operates a trading platform for corporate clients, individual traders, and retail investors. Its trading platform offers a range of products and services comprising contracts for difference trading, insurance brokerage, futures and securities brokerage, total return swap trading, and asset management services.
Recommended Stories
- Five stocks we like better than Lion Group
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- 3 Value Stocks Too Small For Buffett’s Portfolio
- Investing in the High PE Growth Stocks
- Foot Locker Builds Up Another Head of Steam; Gains Imminent
- How Investors Can Find the Best Cheap Dividend Stocks
- Disney Stock Catches 3 Upgrades In a Single Week
Receive News & Ratings for Lion Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lion Group and related companies with MarketBeat.com's FREE daily email newsletter.