Lion Group Holding Ltd. (NASDAQ:LGHL – Get Rating) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,210,000 shares, a decline of 6.9% from the February 13th total of 1,300,000 shares. Based on an average daily volume of 907,400 shares, the short-interest ratio is presently 1.3 days.
Hedge Funds Weigh In On Lion Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of Lion Group by 56.0% during the first quarter. JPMorgan Chase & Co. now owns 200,370 shares of the company’s stock worth $319,000 after purchasing an additional 71,954 shares during the period. Virtu Financial LLC lifted its holdings in Lion Group by 135.1% during the 4th quarter. Virtu Financial LLC now owns 77,710 shares of the company’s stock worth $56,000 after buying an additional 44,654 shares during the period. HRT Financial LP acquired a new position in Lion Group during the 4th quarter worth about $31,000. Finally, Barclays PLC grew its position in shares of Lion Group by 24.0% in the 3rd quarter. Barclays PLC now owns 300,000 shares of the company’s stock valued at $300,000 after buying an additional 58,023 shares during the last quarter. 1.68% of the stock is currently owned by institutional investors and hedge funds.
Lion Group Stock Down 9.5 %
Lion Group stock opened at $0.27 on Thursday. The business has a 50 day moving average of $0.50 and a 200-day moving average of $1.03. Lion Group has a 1 year low of $0.27 and a 1 year high of $2.15.
About Lion Group
Lion Group Holding Ltd., together with its subsidiaries, operates a trading platform for corporate clients, individual traders, and retail investors. Its trading platform offers a range of products and services comprising contracts for difference trading, insurance brokerage, futures and securities brokerage, total return swap trading, and asset management services.
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