LGL Group, Inc. (The) (NYSEAMERICAN:LGL) Short Interest Up 214.9% in May

LGL Group, Inc. (The) (NYSEAMERICAN:LGL) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 73,603 shares, a growth of 214.9% from the May 14th total of 23,373 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily trading volume, of 18,493 shares, the days-to-cover ratio is presently 4.0 days.

LGL Group Stock Performance

Shares of LGL stock opened at $6.87 on Friday. LGL Group has a one year low of $5.45 and a one year high of $9.74. The company’s 50-day moving average is $7.05 and its 200 day moving average is $6.73. The company has a market capitalization of $44.93 million, a price-to-earnings ratio of 687.69 and a beta of 0.31.

LGL Group (NYSEAMERICAN:LGL) last announced its quarterly earnings data on Monday, March 30th. The industrial products company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.09). LGL Group had a net margin of 1.66% and a return on equity of 0.16%. The firm had revenue of $0.80 million for the quarter, compared to analysts’ expectations of $9.10 million. As a group, research analysts predict that LGL Group will post -0.06 earnings per share for the current fiscal year.

Institutional Trading of LGL Group

Several institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new stake in shares of LGL Group during the 3rd quarter valued at about $90,000. Osaic Holdings Inc. boosted its holdings in shares of LGL Group by 15.5% during the 2nd quarter. Osaic Holdings Inc. now owns 20,250 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 2,710 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of LGL Group by 3.6% during the 1st quarter. Renaissance Technologies LLC now owns 166,594 shares of the industrial products company’s stock valued at $1,158,000 after acquiring an additional 5,773 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of LGL Group by 2.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 670,781 shares of the industrial products company’s stock valued at $4,662,000 after acquiring an additional 18,305 shares during the last quarter. 30.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Zacks Research raised shares of LGL Group to a “hold” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, LGL Group has a consensus rating of “Hold”.

About LGL Group

LGL Group Inc is a United States–based company specializing in the development and commercialization of digital pathology and molecular imaging systems for research and clinical laboratories. The company’s core focus lies in enabling high-resolution visualization and quantitative analysis of tissue samples, helping scientists and pathologists accelerate biomarker discovery and diagnostic workflows. LGL Group’s platform combines advanced optics, automated slide scanning and image analysis software to deliver end-to-end solutions tailored to oncology, immunology and neuroscience research.

The company’s flagship offerings include whole-slide scanners capable of rapid, high-throughput scanning at resolutions suited for detailed morphometric and fluorescence studies.