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 decrease in short interest in September. As of September 15th, there was short interest totaling 7,692 shares, a decrease of 95.9% from the August 31st total of 188,711 shares. Currently, 32.0% of the company’s stock are sold short. Based on an average daily volume of 67,446 shares, the days-to-cover ratio is currently 0.1 days.

Insider Activity at Lion Group

In related news, major shareholder Financial Lp Hrt sold 4,696 shares of Lion Group stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $31.80, for a total value of $149,332.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have bought 3,103 shares of company stock worth $58,630 and have sold 7,003 shares worth $203,401. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Lion Group

An institutional investor recently bought a new position in Lion Group stock. SmartHarvest Portfolios LLC bought a new stake in shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 32,448 shares of the company’s stock, valued at approximately $29,000. SmartHarvest Portfolios LLC owned about 81.12% of Lion Group at the end of the most recent quarter. 0.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LGHL shares. Weiss Ratings downgraded Lion Group from a “sell (e+)” rating to a “sell (e)” rating in a report on Monday. Wall Street Zen upgraded Lion Group to a “hold” rating in a report on Saturday, July 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Lion Group Trading Up 2.9%

Shares of Lion Group stock traded up $0.21 during trading hours on Thursday, reaching $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 one year low of $5.68 and a one year high of $3,931.20. The company’s 50 day simple moving average is $14.28 and its 200 day simple 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.

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.