Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) Sees Significant Drop in Short Interest

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 3,023 shares, a drop of 96.8% from the June 15th total of 94,287 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 488,135 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Lion Group

A hedge fund recently bought a new position in Lion Group stock. SmartHarvest Portfolios LLC acquired a new position in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 32,448 shares of the company’s stock, valued at approximately $29,000. SmartHarvest Portfolios LLC owned 81.12% of Lion Group as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Lion Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Lion Group Stock Performance

LGHL traded down $0.09 during trading on Friday, reaching $0.27. The company’s stock had a trading volume of 3,463,843 shares, compared to its average volume of 4,735,566. The firm has a fifty day simple moving average of $0.66 and a two-hundred day simple moving average of $1.18. Lion Group has a 1 year low of $0.24 and a 1 year high of $54.86. 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 (NASDAQ:LGHL) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($14.56) earnings per share (EPS) for the quarter. The firm had revenue of $6.17 million during the quarter.

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.