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

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHLGet Free Report) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 217,839 shares, a growth of 722.6% from the July 30th total of 26,481 shares. Based on an average daily trading volume, of 3,547,390 shares, the short-interest ratio is currently 0.1 days. Currently, 46.1% of the shares of the stock are short sold.

Lion Group Stock Down 4.3%

LGHL stock traded down $0.02 during trading on Thursday, reaching $0.53. 1,201,413 shares of the stock were exchanged, compared to its average volume of 1,769,405. The firm’s 50 day moving average is $2.01 and its 200 day moving average is $6.44. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.81. Lion Group has a twelve month low of $0.49 and a twelve month high of $317.06.

Lion Group shares are scheduled to reverse split on the morning of Thursday, September 10th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, September 9th.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LGHL shares. Wall Street Zen upgraded Lion Group to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings downgraded Lion Group from a “sell (e+)” rating to a “sell (e)” rating in a report on Friday, August 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Get Our Latest Stock Report on Lion Group

Insider Activity at Lion Group

In other Lion Group news, major shareholder Financial Lp Hrt sold 93,931 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $1.59, for a total transaction of $149,350.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders acquired 62,093 shares of company stock worth $58,674 and sold 140,121 shares worth $203,480. Company insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Lion Group

A hedge fund recently bought a new position in Lion Group stock. SmartHarvest Portfolios LLC purchased a new position in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHLFree Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 32,448 shares of the company’s stock, valued at approximately $29,000. SmartHarvest Portfolios LLC owned 81.12% of Lion Group at the end of the most recent reporting period. 0.17% of the stock is currently owned by institutional investors.

About Lion Group

(Get Free Report)

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.

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