Lion Group Holding Ltd. (NASDAQ:LGHL) Short Interest Update

Lion Group Holding Ltd. (NASDAQ:LGHL) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 58,800 shares, an increase of 880.0% from the February 29th total of 6,000 shares. Approximately 7.9% of the shares of the stock are short sold. Based on an average daily volume of 171,200 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Lion Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LGHL. JPMorgan Chase & Co. boosted its stake in shares of Lion Group by 56.0% during the 1st quarter. JPMorgan Chase & Co. now owns 200,370 shares of the company’s stock worth $319,000 after acquiring an additional 71,954 shares in the last quarter. HRT Financial LP bought a new stake in shares of Lion Group during the 4th quarter worth $31,000. Finally, Virtu Financial LLC boosted its stake in shares of 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 acquiring an additional 44,654 shares in the last quarter. 0.17% of the stock is owned by institutional investors.

Lion Group Stock Performance

NASDAQ LGHL traded down $0.02 on Friday, reaching $0.79. 136,387 shares of the stock traded hands, compared to its average volume of 131,644. The firm’s fifty day simple moving average is $0.98 and its 200 day simple moving average is $1.12. Lion Group has a 12 month low of $0.66 and a 12 month high of $19.45.

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.