Short Interest in Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) Expands By 722.6%

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 217,839 shares, a growth of 722.6% from the July 30th total of 26,481 shares. Approximately 46.1% of the company’s shares are short sold. Based on an average trading volume of 3,547,390 shares, the short-interest ratio is presently 0.1 days.

Lion Group Stock Performance

NASDAQ:LGHL opened at $0.55 on Wednesday. Lion Group has a 52 week low of $0.49 and a 52 week high of $317.06. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.11 and a quick ratio of 4.11. The firm has a 50 day moving average of $2.10 and a 200 day moving average of $6.52.

Shares of Lion Group are set to reverse split before the market opens on Thursday, September 10th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, September 9th.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LGHL shares. Wall Street Zen raised Lion Group to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings downgraded Lion Group from a “sell (e+)” rating to a “sell (e)” rating in a report on Friday, August 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Insider Activity at Lion Group

In other news, major shareholder Financial Lp Hrt sold 93,931 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $1.59, for a total transaction of $149,350.29. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have purchased 62,093 shares of company stock worth $58,674 and have sold 140,121 shares worth $203,480. Company insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor 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) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 32,448 shares of the company’s stock, valued at approximately $29,000. SmartHarvest Portfolios LLC owned approximately 81.12% of Lion Group at the end of the most recent quarter. Hedge funds and other institutional investors own 0.17% of the company’s stock.

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.