Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) Stock Short Interest Drops 95.9%

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 7,692 shares, a decrease of 95.9% from the August 31st total of 188,711 shares. Based on an average trading volume of 67,446 shares, the short-interest ratio is presently 0.1 days. Approximately 32.0% of the company’s stock are sold short.

Insider Activity

In other news, major shareholder Financial Lp Hrt sold 4,696 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $31.80, for a total value of $149,332.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders purchased 3,103 shares of company stock valued at $58,630 and sold 7,003 shares valued at $203,401. Corporate insiders own 8.70% of the company’s stock.

Institutional Trading of Lion Group

An institutional investor recently bought a new stake in Lion Group stock. SmartHarvest Portfolios LLC bought a new position in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,448 shares of the company’s stock, valued at approximately $29,000. SmartHarvest Portfolios LLC owned approximately 81.12% of Lion Group as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 0.17% of the company’s stock.

Lion Group Stock Down 0.8%

LGHL stock traded down $0.06 on Friday, reaching $7.30. 26,084 shares of the company traded hands, compared to its average volume of 166,951. Lion Group has a one year low of $5.68 and a one year high of $3,931.20. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.81. The firm has a fifty day simple moving average of $13.73 and a 200-day simple moving average of $94.19.

Analyst Ratings Changes

A number of research firms have issued reports on LGHL. Weiss Ratings downgraded Lion Group from a “sell (e+)” rating to a “sell (e)” rating in a report on Monday. Wall Street Zen upgraded shares of Lion Group to a “hold” rating in a report on Saturday, July 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

About Lion Group

Lion Group Holding Limited (NASDAQ: LGHL) is a financial services and fintech company that provides online brokerage and related investment services. Through its operating subsidiaries, the company offers access to securities and other investment products, including stocks, exchange-traded funds, options, futures, bonds and mutual funds.

The company also provides wealth management, asset management, investment banking and other corporate finance services. Its digital platforms are designed to support retail and institutional investors with account management, trading and market-information tools.

Lion Group Holding is headquartered in Hong Kong and has historically focused on serving clients in Greater China and other international markets.