Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) Short Interest Down 42.1% in March

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 5,586 shares, a decrease of 42.1% from the February 26th total of 9,644 shares. Currently, 15.1% of the shares of the company are sold short. Based on an average daily trading volume, of 110,269 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Lion Group to a “sell” rating in a report on Saturday, February 21st. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Lion Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lion Group presently has a consensus rating of “Sell”.

Lion Group Stock Performance

LGHL stock traded down $0.08 on Friday, reaching $0.80. The company’s stock had a trading volume of 58,481 shares, compared to its average volume of 271,898. Lion Group has a 52 week low of $0.77 and a 52 week high of $62.92. The firm has a fifty day moving average of $1.33 and a two-hundred day moving average of $1.89.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lion Group stock. Marex Group plc purchased a new stake in shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,751 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned 84.76% of Lion Group as of its most recent filing with the Securities and Exchange Commission (SEC). 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.