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

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 12,267 shares, a growth of 191.0% from the April 15th total of 4,216 shares. Currently, 33.2% of the shares of the stock are short sold. Based on an average trading volume of 99,676 shares, the short-interest ratio is currently 0.1 days.

Insider Activity

In related news, major shareholder Financial Lp Hrt sold 39,250 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $0.88, for a total value of $34,540.00. Following the completion of the transaction, the insider owned 3,967 shares of the company’s stock, valued at $3,490.96. This represents a 90.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have purchased 62,226 shares of company stock worth $54,635 and have sold 55,095 shares worth $50,791. Corporate insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Lion Group

A hedge fund recently bought a new stake in Lion Group stock. Marex Group plc purchased a new stake in shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 34,751 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned about 84.76% of Lion Group as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Lion Group to a “sell” rating in a research note on Saturday, February 21st. Weiss Ratings downgraded shares of Lion Group from a “sell (e+)” rating to a “sell (e)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Lion Group Trading Down 14.7%

Shares of LGHL stock traded down $0.14 during trading hours on Friday, hitting $0.80. 141,685 shares of the company’s stock traded hands, compared to its average volume of 146,981. The stock’s 50 day simple moving average is $0.94 and its 200 day simple moving average is $1.77. Lion Group has a 12 month low of $0.66 and a 12 month high of $62.92. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.11 and a quick ratio of 4.11.

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.