Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) Short Interest Update

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 26,483 shares, a drop of 75.3% from the July 15th total of 107,006 shares. Approximately 5.6% of the company’s shares are sold short. Based on an average trading volume of 7,301,805 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Several research analysts recently issued reports on LGHL shares. Wall Street Zen raised Lion Group to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings raised Lion Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Lion Group Trading Up 2.3%

Shares of NASDAQ LGHL traded up $0.02 during midday trading on Thursday, reaching $0.81. The stock had a trading volume of 6,863,565 shares, compared to its average volume of 1,177,962. The company’s 50 day moving average price is $3.15 and its 200 day moving average price is $7.36. 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 has a twelve month low of $0.74 and a twelve month high of $317.06.

Insider Activity at Lion Group

In other news, major shareholder Financial Lp Hrt sold 93,931 shares of Lion Group stock in a transaction on Monday, July 27th. The shares were sold at an average price of $1.59, for a total transaction of $149,350.29. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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. Company insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Lion Group

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