Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) Short Interest Update

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 292,045 shares, an increase of 528.8% from the May 14th total of 46,446 shares. Based on an average daily trading volume, of 5,250,209 shares, the days-to-cover ratio is presently 0.1 days. Approximately 6.9% of the shares of the company are sold short.

Analysts Set New Price Targets

LGHL has been the subject of a number of analyst reports. Weiss Ratings raised 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 report on Saturday, February 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Lion Group Stock Performance

Shares of NASDAQ LGHL traded down $0.16 during midday trading on Friday, reaching $0.56. 768,868 shares of the company traded hands, compared to its average volume of 727,822. The stock’s 50-day simple moving average is $0.85 and its 200-day simple moving average is $1.85. Lion Group has a 12 month low of $0.49 and a 12 month high of $62.92. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.81.

Lion Group shares are going 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 quarterly earnings results on Thursday, April 30th. The company reported ($14.56) earnings per share for the quarter. The company had revenue of $6.17 million during the quarter.

Insider Activity at Lion Group

In related news, major shareholder Financial Lp Hrt sold 39,250 shares of the business’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 transaction, the insider directly owned 3,967 shares in the company, valued at $3,490.96. The trade was a 90.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders purchased 62,226 shares of company stock worth $54,635 and sold 55,095 shares worth $50,791. 8.70% of the stock is currently owned by company insiders.

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 stake in shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) during the 1st quarter, according to 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 about 81.12% of Lion Group at the end of the most recent reporting period. 0.17% of the stock is owned by institutional investors and hedge funds.

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.