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

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 5,586 shares, a drop of 42.1% from the February 26th total of 9,644 shares. Based on an average trading volume of 110,269 shares, the days-to-cover ratio is presently 0.1 days. Currently, 15.1% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of Lion Group to a “sell” rating in a research report on Saturday, February 21st. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Lion Group in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Lion Group Stock Down 9.1%

Shares of LGHL stock traded down $0.08 during midday trading on Friday, reaching $0.80. 58,481 shares of the company were exchanged, compared to its average volume of 112,803. The company’s 50 day moving average price is $1.31 and its two-hundred day moving average price is $1.89. Lion Group has a 12 month low of $0.77 and a 12 month high of $62.92.

Hedge Funds Weigh In On Lion Group

An institutional investor recently bought a new position in Lion Group stock. Marex Group plc acquired a new stake in shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 34,751 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned about 84.76% of Lion Group as of its most recent filing with the Securities and Exchange Commission. 0.17% of the stock is owned by institutional investors.

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.