LGL Group, Inc. (The) (NYSEAMERICAN:LGL) Short Interest Up 103.9% in May

LGL Group, Inc. (The) (NYSEAMERICAN:LGL) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 23,373 shares, a growth of 103.9% from the April 30th total of 11,461 shares. Based on an average daily volume of 6,412 shares, the short-interest ratio is presently 3.6 days. Currently, 0.4% of the shares of the stock are sold short.

LGL Group Stock Performance

Shares of NYSEAMERICAN:LGL opened at $7.07 on Wednesday. LGL Group has a 52 week low of $5.45 and a 52 week high of $9.74. The company’s fifty day moving average is $7.07 and its 200-day moving average is $6.69. The company has a market capitalization of $46.24 million, a PE ratio of 707.71 and a beta of 0.31.

LGL Group (NYSEAMERICAN:LGL) last released its quarterly earnings results on Monday, March 30th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.09). LGL Group had a net margin of 1.66% and a return on equity of 0.16%. The business had revenue of $0.80 million during the quarter, compared to the consensus estimate of $9.10 million. On average, analysts forecast that LGL Group will post -0.06 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of LGL Group to a “hold” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC bought a new position in shares of LGL Group in the third quarter valued at about $90,000. Osaic Holdings Inc. raised its holdings in shares of LGL Group by 15.5% in the second quarter. Osaic Holdings Inc. now owns 20,250 shares of the industrial products company’s stock valued at $154,000 after buying an additional 2,710 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of LGL Group by 3.6% in the first quarter. Renaissance Technologies LLC now owns 166,594 shares of the industrial products company’s stock valued at $1,158,000 after buying an additional 5,773 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of LGL Group by 2.8% in the first quarter. Gamco Investors INC. ET AL now owns 670,781 shares of the industrial products company’s stock valued at $4,662,000 after buying an additional 18,305 shares during the last quarter. 30.28% of the stock is owned by institutional investors.

About LGL Group

LGL Group Inc is a United States–based company specializing in the development and commercialization of digital pathology and molecular imaging systems for research and clinical laboratories. The company’s core focus lies in enabling high-resolution visualization and quantitative analysis of tissue samples, helping scientists and pathologists accelerate biomarker discovery and diagnostic workflows. LGL Group’s platform combines advanced optics, automated slide scanning and image analysis software to deliver end-to-end solutions tailored to oncology, immunology and neuroscience research.

The company’s flagship offerings include whole-slide scanners capable of rapid, high-throughput scanning at resolutions suited for detailed morphometric and fluorescence studies.