Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) Short Interest Down 75.3% in July

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 26,483 shares, a drop 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 presently 0.0 days. Approximately 5.6% of the shares of the company are short sold.

Insider Buying and Selling

In other Lion Group news, major shareholder Financial Lp Hrt acquired 34,355 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was acquired at an average cost of $0.94 per share, for a total transaction of $32,293.70. Following the purchase, the insider owned 74,710 shares in the company, valued at approximately $70,227.40. The trade was a 85.13% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have purchased 62,093 shares of company stock worth $58,674 and have sold 140,121 shares worth $203,480. Insiders own 8.70% of the company’s stock.

Institutional Trading of Lion Group

A hedge fund recently bought a new stake in Lion Group stock. Marex Group plc purchased a new stake in shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 34,751 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned 84.76% of Lion Group as of its most recent filing with the Securities & Exchange Commission. 0.17% of the stock is owned by institutional investors and hedge funds.

Lion Group Stock Performance

Lion Group stock traded down $0.02 during mid-day trading on Friday, hitting $0.79. The company had a trading volume of 957,604 shares, compared to its average volume of 6,347,200. Lion Group has a 12-month low of $0.70 and a 12-month high of $317.06. The company’s fifty day moving average is $2.88 and its 200-day moving average is $7.17. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.81.

Analyst Upgrades and Downgrades

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

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.