Lion Group Holding Ltd. (NASDAQ: LGHL – Get Rating) benefited from a sharp rise in short-term interest rates in March. As of March 31, there was short interest totaling 1,250,000 shares, an increase of 38.2% from the March 15 total of 904,800 shares. Based on an average daily trading volume of 425,900 shares, the short-term interest rate ratio is currently 2.9 days.
A number of institutional investors and hedge funds have recently shifted their holdings to LGHL. Millennium Management LLC acquired a new stake in Lion Group during Q4, valued at approximately $48,000. Marshall Wace LLP purchased a new stake in Lion Group during Q4, valued at approximately $114,000. Finally, JPMorgan Chase & Co. increased its stake in Lion Group by 29.3% during the 4th quarter. JPMorgan Chase & Co. now owns 128,416 shares of the company valued at $170,000 after purchasing an additional 29,130 shares during the period. 1.29% of the shares are currently held by institutional investors.
Shares of LGHL rose $0.20 during Friday trading hours, hitting $1.60. 858,918 shares of the company were traded, against an average volume of 780,187. The company has a 50-day moving average price of $1.20 and a 200-day moving average price of $1.53. Lion Group has a 12-month low of $0.70 and a 12-month high of $3.13.
Lion Group Company Profile (Get a rating)
Lion Group Holding Ltd., together with its subsidiaries, operates a trading platform for corporate clients, individual traders and retail investors. The Company’s trading platform offers a range of products and services including total return swap trading, contract for difference trading, futures and securities brokerage and stock brokerage services. assurance.
Get news and reviews for Lion Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Lion Group and related companies with MarketBeat.com’s FREE daily email newsletter.