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

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 292,045 shares, a growth of 528.8% from the May 14th total of 46,446 shares. Approximately 6.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,250,209 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

LGHL has been the subject of several analyst reports. Wall Street Zen upgraded Lion Group to a “sell” rating in a research report on Saturday, February 21st. Weiss Ratings upgraded Lion Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Insider Activity at Lion Group

In related news, major shareholder Financial Lp Hrt sold 39,250 shares of the firm’s stock in a transaction that occurred on 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 $3,490.96. This trade represents a 90.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders purchased 62,226 shares of company stock worth $54,635 and sold 55,095 shares worth $50,791. 8.70% of the stock is owned by company insiders.

Institutional Trading of Lion Group

A hedge fund recently bought a new stake in Lion Group stock. Marex Group plc bought a new position in shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 34,751 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned approximately 84.76% of Lion Group as of its most recent filing with the Securities & Exchange Commission. 0.17% of the stock is currently owned by institutional investors and hedge funds.

Lion Group Trading Down 3.1%

LGHL stock traded down $0.02 during midday trading on Wednesday, hitting $0.70. 375,718 shares of the company’s stock were exchanged, compared to its average volume of 673,538. The stock’s fifty day moving average price is $0.85 and its 200-day moving average price is $1.91. The company has a debt-to-equity ratio of 0.81, a quick ratio of 4.11 and a current ratio of 4.11. Lion Group has a one year low of $0.66 and a one year high of $62.92.

Shares of Lion Group are going to reverse split on the morning of Thursday, July 9th. The 1-6 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, July 8th.

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.