Lion Group Holding Ltd. (NASDAQ: LGHL – Get Rating) was the target of a significant increase in short interest in June. As of June 15, there was short interest totaling 1,250,000 shares, an increase of 20.2% from the total of 1,040,000 shares as of May 31. Based on an average daily trading volume of 598,200 shares, the day-to-cover ratio is currently 2.1 days.
An institutional investor recently raised his position in shares of Lion Group. JPMorgan Chase & Co. increased its stake in shares of Lion Group Holding Ltd. (NASDAQ: LGHL – Get Rating) by 56.0% in the first quarter, according to the company in its latest 13F filing with the SEC. The fund held 200,370 shares of the company after buying an additional 71,954 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.51% of Lion Group worth $319,000 at the end of the most recent reporting period. Institutional investors and hedge funds hold 1.02% of the company’s shares.
NASDAQ LGHL shares opened at $1.08 on Thursday. Lion Group has a 12-month low of $0.70 and a 12-month high of $2.44. The company’s 50-day moving average is $0.99 and its two-hundred-day moving average is $1.13.
About the Lion Group (Get a 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 including contracts for difference trading, insurance brokerage, futures and securities brokerage, total return swap trading and asset management services. assets.
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