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

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) was the target of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 6,319 shares, a decrease of 50.8% from the October 15th total of 12,848 shares. Currently, 26.3% of the shares of the stock are short sold. Based on an average daily volume of 62,355 shares, the days-to-cover ratio is presently 0.1 days.

Lion Group Stock Down 8.3%

LGHL stock traded down $0.13 on Friday, hitting $1.44. 11,361 shares of the company’s stock traded hands, compared to its average volume of 60,076. Lion Group has a 1-year low of $1.25 and a 1-year high of $1,989.00. The stock has a fifty day moving average of $4.27 and a 200-day moving average of $98.92.

Analysts Set New Price Targets

LGHL has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Lion Group to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings upgraded shares of Lion Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Lion Group currently has an average rating of “Sell”.

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.