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

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 12,848 shares, a growth of 125.5% from the September 30th total of 5,698 shares. Based on an average daily volume of 609,048 shares, the days-to-cover ratio is currently 0.0 days. Currently, 53.5% of the company’s stock are short sold.

Analyst Ratings Changes

A number of brokerages have recently commented on LGHL. Wall Street Zen raised shares of Lion Group to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings downgraded shares of Lion Group from a “sell (e+)” rating to a “sell (e)” rating in a report on Monday, October 26th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has an average rating of “Sell”.

Lion Group Price Performance

Shares of Lion Group stock opened at $2.27 on Friday. The company’s fifty day simple moving average is $6.02 and its two-hundred day simple moving average is $114.83. Lion Group has a 12-month low of $2.00 and a 12-month high of $2,387.97.

Lion Group Company Profile

Lion Group Holding Limited is a financial services company that operates through subsidiaries and brands serving individual and institutional investors. Its businesses primarily include securities brokerage, investment banking, asset management, margin financing and proprietary trading.

Through its online brokerage platform, Lion Brokers, the company provides access to a range of investment products and markets, including equities, exchange-traded funds, futures and options. Its services are designed to support trading and investment activity in markets such as Hong Kong, the United States and Singapore, subject to applicable regulations.

Lion Group Holding is based in Hong Kong and has expanded its operations across parts of Asia.