Short Interest in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) Grows By 528.8%

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 292,045 shares, a growth of 528.8% from the May 14th total of 46,446 shares. Approximately 6.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,250,209 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Several research analysts have commented on LGHL shares. Weiss Ratings raised Lion Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, May 27th. Wall Street Zen raised Lion Group to a “sell” rating in a research note on Saturday, February 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Lion Group Trading Up 1.3%

Shares of NASDAQ:LGHL traded up $0.01 during trading on Thursday, hitting $0.71. 6,616,125 shares of the company were exchanged, compared to its average volume of 727,177. The business’s 50 day moving average is $0.85 and its 200-day moving average is $1.88. 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 1-year low of $0.61 and a 1-year high of $62.92.

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

Insider Activity at Lion Group

In other news, major shareholder Financial Lp Hrt sold 39,250 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $0.88, for a total value of $34,540.00. Following the completion of the transaction, the insider directly owned 3,967 shares in the company, valued at approximately $3,490.96. The trade was a 90.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have purchased 62,226 shares of company stock valued at $54,635 and have sold 55,095 shares valued at $50,791. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Lion Group

A hedge fund recently bought a new stake in Lion Group stock. Marex Group plc bought a new position in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 34,751 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned approximately 84.76% of Lion Group as of its most recent SEC filing. 0.17% of the stock is owned by institutional investors and hedge funds.

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.