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

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 107,006 shares, a growth of 3,439.7% from the June 30th total of 3,023 shares. Approximately 22.6% of the shares of the company are sold short. Based on an average daily volume of 4,449,597 shares, the days-to-cover ratio is currently 0.0 days.

Lion Group Stock Down 26.6%

Shares of LGHL stock opened at $0.91 on Friday. Lion Group has a 1 year low of $0.88 and a 1 year high of $366.21. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.81. The stock has a 50 day simple moving average of $4.95 and a 200 day simple moving average of $8.96.

Lion Group (NASDAQ:LGHL) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($131.04) EPS for the quarter. The business had revenue of $6.17 million during the quarter.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings cut Lion Group from a “sell (e+)” rating to a “sell (e)” rating in a research report on Monday, July 13th. Wall Street Zen raised shares of Lion Group to a “hold” rating in a research report on Saturday, July 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lion Group stock. Marex Group plc acquired a new position in shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 34,751 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned approximately 84.76% of Lion Group as of its most recent SEC filing. 0.17% of the stock is owned by institutional investors.

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.