LGL Group, Inc. (The) (NYSEAMERICAN:LGL) Sees Large Increase in Short Interest

LGL Group, Inc. (The) (NYSEAMERICAN:LGL) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 73,603 shares, an increase of 214.9% from the May 14th total of 23,373 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 18,493 shares, the short-interest ratio is presently 4.0 days.

Institutional Trading of LGL Group

Institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new stake in LGL Group during the third quarter valued at $90,000. Osaic Holdings Inc. boosted its position in LGL Group by 15.5% during the second quarter. Osaic Holdings Inc. now owns 20,250 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 2,710 shares during the last quarter. Renaissance Technologies LLC boosted its position in LGL Group by 3.6% during the first quarter. Renaissance Technologies LLC now owns 166,594 shares of the industrial products company’s stock valued at $1,158,000 after purchasing an additional 5,773 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in LGL Group by 2.8% during the first quarter. Gamco Investors INC. ET AL now owns 670,781 shares of the industrial products company’s stock valued at $4,662,000 after purchasing an additional 18,305 shares during the last quarter. Institutional investors and hedge funds own 30.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised LGL Group to a “hold” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, LGL Group currently has a consensus rating of “Hold”.

LGL Group Trading Down 1.0%

LGL opened at $6.87 on Friday. The stock has a market cap of $44.93 million, a price-to-earnings ratio of 687.69 and a beta of 0.31. LGL Group has a 1 year low of $5.45 and a 1 year high of $9.74. The stock has a fifty day moving average price of $7.05 and a 200 day moving average price of $6.73.

LGL Group (NYSEAMERICAN:LGL) last released its quarterly earnings data on Monday, March 30th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.09). The firm had revenue of $0.80 million for the quarter, compared to analyst estimates of $9.10 million. LGL Group had a net margin of 1.66% and a return on equity of 0.16%. As a group, sell-side analysts forecast that LGL Group will post -0.06 earnings per share for the current fiscal year.

About LGL Group

LGL Group Inc is a United States–based company specializing in the development and commercialization of digital pathology and molecular imaging systems for research and clinical laboratories. The company’s core focus lies in enabling high-resolution visualization and quantitative analysis of tissue samples, helping scientists and pathologists accelerate biomarker discovery and diagnostic workflows. LGL Group’s platform combines advanced optics, automated slide scanning and image analysis software to deliver end-to-end solutions tailored to oncology, immunology and neuroscience research.

The company’s flagship offerings include whole-slide scanners capable of rapid, high-throughput scanning at resolutions suited for detailed morphometric and fluorescence studies.