Short Interest in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) Decreases By 96.8%

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 3,023 shares, a drop of 96.8% from the June 15th total of 94,287 shares. Based on an average daily trading volume, of 488,135 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Lion Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Lion Group Stock Performance

Shares of LGHL stock traded down $0.09 during trading hours on Friday, reaching $0.27. 3,463,843 shares of the stock were exchanged, compared to its average volume of 4,735,566. The business’s fifty day moving average is $0.66 and its two-hundred day moving average is $1.18. Lion Group has a 12-month low of $0.24 and a 12-month high of $54.86. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.81.

Lion Group (NASDAQ:LGHL) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($14.56) EPS for the quarter. The business had revenue of $6.17 million for the quarter.

Institutional Trading of Lion Group

An institutional investor recently bought a new position in Lion Group stock. SmartHarvest Portfolios LLC bought a new stake in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 32,448 shares of the company’s stock, valued at approximately $29,000. SmartHarvest Portfolios LLC owned about 81.12% of Lion Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.17% of the company’s stock.

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.