Lion Group Holding Ltd. (NASDAQ:LGHL – Get Rating) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 1,560,000 shares, a decline of 32.2% from the September 30th total of 2,300,000 shares. Based on an average daily trading volume, of 869,100 shares, the short-interest ratio is currently 1.8 days.
Lion Group Stock Performance
Shares of NASDAQ LGHL opened at $1.00 on Friday. Lion Group has a 12-month low of $0.70 and a 12-month high of $2.37. The firm's 50-day moving average price is $1.41 and its 200-day moving average price is $1.22.
Get Lion Group alerts:Institutional Investors Weigh In On Lion Group
A hedge fund recently raised its stake in Lion Group stock. JPMorgan Chase & Co. boosted its stake in shares of Lion Group Holding Ltd. (NASDAQ:LGHL – Get Rating) by 68.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 337,838 shares of the company's stock after buying an additional 137,468 shares during the period. JPMorgan Chase & Co. owned approximately 0.85% of Lion Group worth $287,000 at the end of the most recent quarter. 1.83% of the stock is owned by hedge funds and other institutional investors.
About Lion Group
(Get Rating)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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