Short Interest in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) Decreases By 67.7%

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 94,287 shares, a decrease of 67.7% from the May 31st total of 292,045 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average trading volume of 906,070 shares, the short-interest ratio is currently 0.1 days.

Insiders Place Their Bets

In related news, major shareholder Financial Lp Hrt sold 39,250 shares of the firm’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $0.88, for a total transaction of $34,540.00. Following the completion of the sale, the insider directly owned 3,967 shares of the company’s stock, valued at $3,490.96. This trade represents a 90.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders acquired 58,104 shares of company stock worth $50,100. Company insiders own 8.70% of the company’s stock.

Institutional Trading of Lion Group

A hedge fund recently bought a new position in Lion Group stock. SmartHarvest Portfolios LLC bought a new stake in shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 and hedge funds own 0.17% of the company’s stock.

Lion Group Stock Performance

NASDAQ:LGHL traded down $0.02 during trading hours on Friday, hitting $0.38. 281,526 shares of the stock were exchanged, compared to its average volume of 742,564. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.81. The company’s 50 day moving average is $0.77 and its two-hundred day moving average is $1.45. Lion Group has a twelve month low of $0.36 and a twelve month high of $54.86.

Shares of Lion Group are scheduled to reverse split 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.

Lion Group (NASDAQ:LGHL) last released 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 during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Lion Group from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

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.