The LGL Group, Inc. (NYSEAMERICAN:LGL) Sees Large Increase in Short Interest

The LGL Group, Inc. (NYSEAMERICAN:LGL) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 11,300 shares, a growth of 32.9% from the March 15th total of 8,500 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 7,400 shares, the days-to-cover ratio is currently 1.5 days.

The LGL Group Stock Performance

LGL stock traded down $0.25 during trading on Monday, hitting $5.41. 6,256 shares of the stock traded hands, compared to its average volume of 7,415. The LGL Group has a 1 year low of $4.15 and a 1 year high of $6.76. The company has a market capitalization of $28.96 million, a price-to-earnings ratio of -1.42, a price-to-earnings-growth ratio of 1.42 and a beta of 0.60.

Institutional Trading of The LGL Group

Institutional investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. boosted its holdings in shares of The LGL Group by 60.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 13,269 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 5,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of The LGL Group by 21.4% during the 3rd quarter. Vanguard Group Inc. now owns 93,887 shares of the industrial products company’s stock valued at $1,063,000 after acquiring an additional 16,570 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of The LGL Group by 2.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 98,970 shares of the industrial products company’s stock valued at $1,120,000 after acquiring an additional 2,618 shares during the last quarter. Hedge funds and other institutional investors own 21.55% of the company’s stock.

The LGL Group Company Profile

The LGL Group, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company offers NTP Servers, broadband amplifiers, RF distribution, 1PPS distribution, and fiber optic distribution.