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

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL – Get Free Report) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 7,692 shares, a decline of 95.9% from the August 31st total of 188,711 shares. Based on an average daily trading volume, of 67,446 shares, the short-interest ratio is presently 0.1 days. Approximately 32.0% of the shares of the stock are short sold.

Insider Activity at Lion Group

In other news, major shareholder Financial Lp Hrt sold 4,696 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $31.80, for a total value of $149,332.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have acquired 3,103 shares of company stock valued at $58,630 and have sold 7,003 shares valued at $203,401. 8.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lion Group stock. SmartHarvest Portfolios LLC bought a new stake in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 32,448 shares of the company’s stock, valued at approximately $29,000. SmartHarvest Portfolios LLC owned about 81.12% of Lion Group at the end of the most recent quarter. 0.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LGHL. Wall Street Zen upgraded shares of Lion Group to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings lowered Lion Group from a “sell (e+)” rating to a “sell (e)” rating in a research note on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Check Out Our Latest Report on LGHL

Lion Group Stock Up 2.4%

Shares of LGHL stock traded up $0.18 on Friday, hitting $7.54. 13,427 shares of the company’s stock traded hands, compared to its average volume of 97,350. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.11 and a quick ratio of 4.11. Lion Group has a one year low of $5.68 and a one year high of $3,931.20. The company’s fifty day simple moving average is $14.28 and its 200 day simple moving average is $95.73.

About Lion Group

(Get Free Report)

Lion Group Holding Limited (NASDAQ: LGHL) is a financial services and fintech company that provides online brokerage and related investment services. Through its operating subsidiaries, the company offers access to securities and other investment products, including stocks, exchange-traded funds, options, futures, bonds and mutual funds.

The company also provides wealth management, asset management, investment banking and other corporate finance services. Its digital platforms are designed to support retail and institutional investors with account management, trading and market-information tools.

Lion Group Holding is headquartered in Hong Kong and has historically focused on serving clients in Greater China and other international markets.

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