LGL Group, Inc. (The) (NYSEAMERICAN:LGL) Short Interest Down 64.1% in July

LGL Group, Inc. (The) (NYSEAMERICAN:LGLGet Free Report) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 53,731 shares, a drop of 64.1% from the July 15th total of 149,543 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average trading volume of 4,789 shares, the days-to-cover ratio is currently 11.2 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of 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 MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Check Out Our Latest Stock Analysis on LGL

Institutional Investors Weigh In On LGL Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LGL. Bard Associates Inc. acquired a new position in shares of LGL Group in the 2nd quarter valued at about $3,378,000. Gamco Investors INC. ET AL grew its holdings 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 worth $4,662,000 after acquiring an additional 18,305 shares during the period. BlackRock Inc. acquired a new stake in LGL Group during the second quarter worth about $93,000. Citadel Advisors LLC purchased a new position in LGL Group during the third quarter valued at approximately $90,000. Finally, Renaissance Technologies LLC raised 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 acquiring an additional 5,773 shares in the last quarter. 30.28% of the stock is owned by institutional investors and hedge funds.

LGL Group Stock Performance

Shares of NYSEAMERICAN LGL traded down $0.15 during mid-day trading on Friday, hitting $7.40. The stock had a trading volume of 198 shares, compared to its average volume of 13,017. The firm has a market cap of $48.40 million, a PE ratio of 740.74 and a beta of 0.32. The company has a 50 day moving average of $6.95 and a two-hundred day moving average of $7.06. LGL Group has a twelve month low of $5.45 and a twelve month high of $7.57.

About LGL Group

(Get Free Report)

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.

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