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

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 292,045 shares, a growth of 528.8% from the May 14th total of 46,446 shares. Based on an average trading volume of 5,250,209 shares, the short-interest ratio is currently 0.1 days. Currently, 6.9% of the company’s stock are short sold.

Lion Group Stock Performance

NASDAQ LGHL traded down $0.02 during trading on Wednesday, reaching $0.70. 375,718 shares of the company’s stock were exchanged, compared to its average volume of 673,538. Lion Group has a fifty-two week low of $0.66 and a fifty-two week high of $62.92. The business has a 50 day moving average price of $0.85 and a 200-day moving average price of $1.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.11 and a quick ratio of 4.11.

Shares of Lion Group are set to reverse split before the market opens on Thursday, July 9th. The 1-6 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, July 8th.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LGHL shares. Weiss Ratings upgraded Lion Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, May 27th. Wall Street Zen raised Lion Group to a “sell” rating in a research report on Saturday, February 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Insider Transactions at Lion Group

In related news, major shareholder Financial Lp Hrt sold 39,250 shares of the company’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $0.88, for a total transaction of $34,540.00. Following the sale, the insider owned 3,967 shares in the company, valued at approximately $3,490.96. This represents a 90.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders bought 62,226 shares of company stock worth $54,635 and sold 55,095 shares worth $50,791. Insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Lion Group

An institutional investor recently bought a new position in Lion Group stock. SmartHarvest Portfolios LLC purchased a new position in shares of 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 and Exchange Commission (SEC). The institutional investor purchased 32,448 shares of the company’s stock, valued at approximately $29,000. SmartHarvest Portfolios LLC owned approximately 81.12% of Lion Group at the end of the most recent reporting period. 0.17% of the stock is owned by hedge funds and other institutional investors.

Lion Group Company Profile

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.