GWG Holdings Inc (NASDAQ:GWGH) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 53,200 shares, a growth of 350.8% from the April 30th total of 11,800 shares. Approximately 2.9% of the shares of the company are sold short. Based on an average daily volume of 20,400 shares, the short-interest ratio is currently 2.6 days.

GWGH has been the topic of several recent research reports. Zacks Investment Research cut shares of GWG from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. ValuEngine upgraded shares of GWG from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 1st.

Shares of NASDAQ:GWGH traded down $0.25 during trading on Monday, hitting $9.36. The company’s stock had a trading volume of 100 shares, compared to its average volume of 22,058. GWG has a 12 month low of $4.80 and a 12 month high of $17.50. The stock has a market capitalization of $57.78 million, a PE ratio of 4.14 and a beta of 0.31.

A hedge fund recently bought a new stake in GWG stock. Institute for Wealth Management LLC. acquired a new position in GWG Holdings Inc (NASDAQ:GWGH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 100,000 shares of the financial services provider’s stock, valued at approximately $100,000. Institute for Wealth Management LLC. owned 1.66% of GWG as of its most recent SEC filing. Institutional investors and hedge funds own 1.90% of the company’s stock.

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About GWG

GWG Holdings, Inc operates as a financial services company. It purchases life insurance policies at a discount to the face value from the secondary market and policy holders, and continue to pay the premiums to collect the policy benefits. The company also owns a portfolio of alternative assets; and develops epigenetic technology solutions for the life insurance industry.

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