Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 12,848 shares, a growth of 125.5% from the September 30th total of 5,698 shares. Based on an average daily trading volume, of 609,048 shares, the short-interest ratio is presently 0.0 days. Approximately 53.5% of the shares of the company are sold short.
Analysts Set New Price Targets
A number of research firms have recently issued reports on LGHL. Wall Street Zen raised 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 Monday. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Lion Group has an average rating of “Sell”.
Get Our Latest Analysis on Lion Group
Lion Group Trading Down 14.3%
NASDAQ:LGHL traded down $0.38 during trading hours on Friday, hitting $2.27. The company’s stock had a trading volume of 54,971 shares, compared to its average volume of 217,680. Lion Group has a 52-week low of $2.00 and a 52-week high of $2,387.97. The business’s 50-day moving average is $6.23 and its two-hundred day moving average is $116.76.
About Lion Group
Lion Group Holding Limited is a financial services company that operates through subsidiaries and brands serving individual and institutional investors. Its businesses primarily include securities brokerage, investment banking, asset management, margin financing and proprietary trading.
Through its online brokerage platform, Lion Brokers, the company provides access to a range of investment products and markets, including equities, exchange-traded funds, futures and options. Its services are designed to support trading and investment activity in markets such as Hong Kong, the United States and Singapore, subject to applicable regulations.
Lion Group Holding is based in Hong Kong and has expanded its operations across parts of Asia.
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