Short Interest in StoneX Group Inc. (NASDAQ:SNEX) Rises By 21.9%

StoneX Group Inc. (NASDAQ:SNEX) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 612,000 shares, a growth of 21.9% from the January 31st total of 501,900 shares. Based on an average daily volume of 200,100 shares, the days-to-cover ratio is presently 3.1 days.

Insider Buying and Selling

In other StoneX Group news, insider Glenn Henry Stevens sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $117.82, for a total value of $1,767,300.00. Following the completion of the sale, the insider now directly owns 77,964 shares of the company’s stock, valued at approximately $9,185,718.48. This represents a 16.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 11.70% of the company’s stock.

Hedge Funds Weigh In On StoneX Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Investment Management LLC purchased a new position in StoneX Group in the fourth quarter valued at about $31,000. Huntington National Bank lifted its holdings in shares of StoneX Group by 1,906.9% during the 3rd quarter. Huntington National Bank now owns 582 shares of the company’s stock valued at $48,000 after buying an additional 553 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of StoneX Group by 250.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company’s stock valued at $64,000 after buying an additional 469 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of StoneX Group during the 4th quarter valued at about $75,000. Finally, KBC Group NV lifted its holdings in shares of StoneX Group by 39.0% during the 4th quarter. KBC Group NV now owns 1,309 shares of the company’s stock valued at $128,000 after buying an additional 367 shares during the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

StoneX Group Price Performance

Shares of NASDAQ SNEX opened at $120.22 on Thursday. StoneX Group has a twelve month low of $64.03 and a twelve month high of $128.23. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 14.36 and a beta of 0.77. The firm has a 50-day moving average of $110.86 and a two-hundred day moving average of $97.23.

StoneX Group’s stock is scheduled to split on the morning of Monday, March 24th. The 3-2 split was announced on Wednesday, February 5th. The newly issued shares will be issued to shareholders after the market closes on Friday, March 21st.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.39. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. As a group, analysts expect that StoneX Group will post 8.7 earnings per share for the current fiscal year.

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.