Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) Short Interest Down 96.8% in June

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 3,023 shares, a decline of 96.8% from the June 15th total of 94,287 shares. Based on an average daily volume of 488,135 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Lion Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lion Group presently has an average rating of “Sell”.

Lion Group Price Performance

NASDAQ LGHL traded down $0.09 during trading on Friday, reaching $0.27. The company’s stock had a trading volume of 3,463,843 shares, compared to its average volume of 4,735,566. The business’s fifty day moving average price is $0.66 and its 200-day moving average price is $1.18. Lion Group has a twelve month low of $0.24 and a twelve month high of $54.86. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.81.

Lion Group (NASDAQ:LGHL) last announced its earnings results on Thursday, April 30th. The company reported ($14.56) earnings per share for the quarter. The firm had revenue of $6.17 million for the quarter.

Institutional Inflows and Outflows

A hedge fund 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) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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 quarter. Institutional investors own 0.17% of the company’s stock.

About Lion Group

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.