Short Interest in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) Expands By 722.6%

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 217,839 shares, a growth of 722.6% from the July 30th total of 26,481 shares. Based on an average daily trading volume, of 3,547,390 shares, the short-interest ratio is presently 0.1 days. Currently, 46.1% of the shares of the company are sold short.

Lion Group Stock Performance

LGHL opened at $0.55 on Wednesday. Lion Group has a twelve month low of $0.49 and a twelve month high of $317.06. The company has a debt-to-equity ratio of 0.81, a quick ratio of 4.11 and a current ratio of 4.11. The company has a 50-day moving average price of $2.10 and a 200 day moving average price of $6.52.

Lion Group’s stock is going to reverse split on the morning of Thursday, September 10th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, September 9th.

Insider Buying and Selling

In other news, major shareholder Financial Lp Hrt purchased 34,355 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average price of $0.94 per share, for a total transaction of $32,293.70. Following the completion of the transaction, the insider owned 74,710 shares in the company, valued at $70,227.40. This represents a 85.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders have acquired 62,093 shares of company stock worth $58,674 and have sold 140,121 shares worth $203,480. Corporate insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Lion Group

A hedge fund recently bought a new position in Lion Group stock. SmartHarvest Portfolios LLC purchased a new position in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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. 0.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on LGHL. Wall Street Zen raised shares of Lion Group to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings lowered Lion Group from a “sell (e+)” rating to a “sell (e)” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Lion Group Company Profile

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.