StoneX Group Inc. (NASDAQ:SNEX) Short Interest Update

StoneX Group Inc. (NASDAQ:SNEX) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 271,500 shares, an increase of 29.8% from the May 31st total of 209,100 shares. Based on an average daily volume of 130,100 shares, the days-to-cover ratio is presently 2.1 days.

StoneX Group Trading Down 0.4 %

SNEX traded down $0.33 during trading on Monday, reaching $74.98. The company had a trading volume of 198,818 shares, compared to its average volume of 129,790. The stock has a market cap of $2.38 billion, a P/E ratio of 10.04 and a beta of 0.77. The business has a 50 day simple moving average of $73.62 and a 200-day simple moving average of $69.90. StoneX Group has a 52 week low of $53.89 and a 52 week high of $80.00. The company has a quick ratio of 1.20, a current ratio of 1.61 and a debt-to-equity ratio of 1.52.

StoneX Group (NASDAQ:SNEX) last released its earnings results on Wednesday, May 8th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.05. StoneX Group had a return on equity of 17.29% and a net margin of 0.33%. The business had revenue of $818.20 million during the quarter, compared to the consensus estimate of $788.30 million. On average, equities analysts anticipate that StoneX Group will post 7.4 EPS for the current fiscal year.

Insider Activity at StoneX Group

In related news, COO Xuong Nguyen sold 6,909 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $80.00, for a total value of $552,720.00. Following the completion of the transaction, the chief operating officer now directly owns 80,816 shares of the company’s stock, valued at $6,465,280. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Charles M. Lyon sold 5,621 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $75.54, for a total value of $424,610.34. Following the completion of the sale, the chief executive officer now directly owns 61,557 shares in the company, valued at $4,650,015.78. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Xuong Nguyen sold 6,909 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $80.00, for a total value of $552,720.00. Following the completion of the sale, the chief operating officer now owns 80,816 shares of the company’s stock, valued at $6,465,280. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,868 shares of company stock valued at $3,448,851. 16.24% of the stock is owned by corporate insiders.

Institutional Trading of StoneX Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC lifted its position in shares of StoneX Group by 341.9% during the first quarter. Janus Henderson Group PLC now owns 63,791 shares of the company’s stock worth $4,480,000 after purchasing an additional 49,355 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of StoneX Group by 0.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 450,770 shares of the company’s stock worth $31,672,000 after purchasing an additional 1,508 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of StoneX Group by 9.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 23,524 shares of the company’s stock worth $1,646,000 after purchasing an additional 2,012 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of StoneX Group during the first quarter worth $320,000. Finally, Cynosure Group LLC bought a new stake in shares of StoneX Group in the first quarter valued at about $634,000. 75.93% of the stock is currently owned by institutional investors.

About StoneX Group

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.