Short Interest in StoneX Group Inc. (NASDAQ:SNEX) Grows By 44.8%

StoneX Group Inc. (NASDAQ:SNEX) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 350,400 shares, a growth of 44.8% from the October 31st total of 242,000 shares. Based on an average daily volume of 141,800 shares, the days-to-cover ratio is currently 2.5 days.

StoneX Group Price Performance

Shares of SNEX traded down $0.42 during trading hours on Friday, reaching $103.76. 85,138 shares of the company’s stock traded hands, compared to its average volume of 134,430. StoneX Group has a 12 month low of $60.38 and a 12 month high of $106.77. The company has a current ratio of 1.80, a quick ratio of 1.30 and a debt-to-equity ratio of 1.26. The stock has a market cap of $3.30 billion, a PE ratio of 13.04 and a beta of 0.75. The firm’s 50 day simple moving average is $91.00 and its 200-day simple moving average is $82.07.

Insider Buying and Selling

In other news, CEO Sean Michael Oconnor sold 37,500 shares of StoneX Group stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $98.42, for a total value of $3,690,750.00. Following the completion of the transaction, the chief executive officer now directly owns 506,994 shares in the company, valued at approximately $49,898,349.48. The trade was a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Moore Fowler sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $100.14, for a total transaction of $180,252.00. Following the completion of the transaction, the director now owns 81,375 shares of the company’s stock, valued at $8,148,892.50. This trade represents a 2.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On StoneX Group

Several hedge funds have recently bought and sold shares of SNEX. American Century Companies Inc. increased its holdings in shares of StoneX Group by 80.3% in the 2nd quarter. American Century Companies Inc. now owns 808,768 shares of the company’s stock worth $60,908,000 after buying an additional 360,164 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in StoneX Group by 148.2% in the third quarter. Harbor Capital Advisors Inc. now owns 311,088 shares of the company’s stock valued at $25,472,000 after acquiring an additional 185,769 shares during the last quarter. Foundry Partners LLC purchased a new stake in StoneX Group during the third quarter valued at about $5,348,000. Assenagon Asset Management S.A. lifted its stake in StoneX Group by 21.4% during the second quarter. Assenagon Asset Management S.A. now owns 328,751 shares of the company’s stock worth $24,758,000 after purchasing an additional 57,938 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of StoneX Group by 341.9% in the 1st quarter. Janus Henderson Group PLC now owns 63,791 shares of the company’s stock worth $4,480,000 after purchasing an additional 49,355 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors.

StoneX Group Company Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.