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

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 12,267 shares, a growth of 191.0% from the April 15th total of 4,216 shares. Based on an average daily volume of 99,676 shares, the short-interest ratio is currently 0.1 days. Currently, 33.2% of the shares of the company are sold short.

Lion Group Trading Up 23.8%

Shares of NASDAQ:LGHL opened at $0.94 on Friday. Lion Group has a 12-month low of $0.66 and a 12-month high of $62.92. The business has a 50 day moving average of $0.95 and a 200-day moving average of $1.77. The company has a debt-to-equity ratio of 0.81, a quick ratio of 4.11 and a current ratio of 4.11.

Insider Buying and Selling

In related news, major shareholder Financial Lp Hrt sold 39,250 shares of Lion Group 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 completion of the transaction, the insider owned 3,967 shares in the company, valued at approximately $3,490.96. This trade represents a 90.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders bought 62,226 shares of company stock worth $54,635 and sold 55,095 shares worth $50,791. Insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Lion Group

A hedge fund recently bought a new stake in Lion Group stock. SmartHarvest Portfolios LLC purchased a new stake in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 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 own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on LGHL shares. Wall Street Zen upgraded Lion Group to a “sell” rating in a report on Saturday, February 21st. Weiss Ratings cut Lion Group from a “sell (e+)” rating to a “sell (e)” rating in a report on Tuesday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lion Group presently has an average rating of “Sell”.

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.