Short Interest in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) Decreases By 67.7%

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 94,287 shares, a decline of 67.7% from the May 31st total of 292,045 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average daily trading volume, of 906,070 shares, the short-interest ratio is currently 0.1 days.

Lion Group Price Performance

Shares of LGHL traded down $0.02 during mid-day trading on Friday, reaching $0.38. The company had a trading volume of 281,526 shares, compared to its average volume of 742,564. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.81. Lion Group has a twelve month low of $0.36 and a twelve month high of $54.86. The company’s 50-day moving average is $0.77 and its 200-day moving average is $1.45.

Lion Group shares are scheduled to reverse split on Thursday, July 9th. The 1-6 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, July 8th.

Lion Group (NASDAQ:LGHL) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($14.56) earnings per share for the quarter. The business had revenue of $6.17 million during the quarter.

Insider Activity at Lion Group

In other news, major shareholder Financial Lp Hrt sold 39,250 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $0.88, for a total transaction of $34,540.00. Following the completion of the transaction, the insider directly owned 3,967 shares in the company, valued at $3,490.96. The trade was a 90.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 58,104 shares of company stock worth $50,100 in the last three months. 8.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Lion Group

An institutional investor recently bought a new position in Lion Group stock. SmartHarvest Portfolios LLC purchased a new stake in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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 SEC filing. 0.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Lion Group from a “sell (e+)” rating to a “sell (e)” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, According to 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.