Short Interest in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) Drops By 42.1%

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 5,586 shares, a drop of 42.1% from the February 26th total of 9,644 shares. Based on an average trading volume of 110,269 shares, the short-interest ratio is currently 0.1 days. Approximately 15.1% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Lion Group in a research report on Monday, December 29th. Wall Street Zen raised Lion Group to a “sell” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lion Group currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lion Group stock. Marex Group plc bought a new stake in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 currently owned by hedge funds and other institutional investors.

Lion Group Stock Performance

NASDAQ LGHL traded down $0.08 on Friday, hitting $0.80. 58,481 shares of the company’s stock traded hands, compared to its average volume of 107,358. The firm’s 50-day moving average price is $1.31 and its two-hundred day moving average price is $1.88. Lion Group has a 1-year low of $0.77 and a 1-year high of $62.92.

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.