LGL Group, Inc. (The) (NYSEAMERICAN:LGL) Sees Significant Decrease in Short Interest
by Michael Walen · The Markets DailyLGL Group, Inc. (The) (NYSEAMERICAN:LGL – Get Free Report) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 53,731 shares, a drop of 64.1% from the July 15th total of 149,543 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 4,789 shares, the days-to-cover ratio is currently 11.2 days.
LGL Group Trading Down 2.0%
LGL traded down $0.15 during midday trading on Friday, hitting $7.40. 198 shares of the company traded hands, compared to its average volume of 13,017. The business has a 50 day simple moving average of $6.95 and a two-hundred day simple moving average of $7.06. LGL Group has a 52-week low of $5.45 and a 52-week high of $7.57. The company has a market capitalization of $48.40 million, a price-to-earnings ratio of 740.74 and a beta of 0.32.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded shares of LGL Group to a “hold” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.
Check Out Our Latest Research Report on LGL Group
Institutional Investors Weigh In On LGL Group
Large investors have recently bought and sold shares of the company. Bard Associates Inc. acquired a new position in shares of LGL Group during the second quarter valued at approximately $3,378,000. Gamco Investors INC. ET AL lifted its position in shares of LGL Group by 2.8% in the first quarter. Gamco Investors INC. ET AL now owns 670,781 shares of the industrial products company’s stock valued at $4,662,000 after acquiring an additional 18,305 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of LGL Group in the second quarter worth approximately $93,000. Citadel Advisors LLC acquired a new stake in shares of LGL Group in the third quarter worth approximately $90,000. Finally, Renaissance Technologies LLC increased its position in shares of LGL Group by 3.6% during the first quarter. Renaissance Technologies LLC now owns 166,594 shares of the industrial products company’s stock worth $1,158,000 after purchasing an additional 5,773 shares in the last quarter. 30.28% of the stock is currently owned by hedge funds and other institutional investors.
LGL Group Company Profile
LGL Group Inc is a United States–based company specializing in the development and commercialization of digital pathology and molecular imaging systems for research and clinical laboratories. The company’s core focus lies in enabling high-resolution visualization and quantitative analysis of tissue samples, helping scientists and pathologists accelerate biomarker discovery and diagnostic workflows. LGL Group’s platform combines advanced optics, automated slide scanning and image analysis software to deliver end-to-end solutions tailored to oncology, immunology and neuroscience research.
The company’s flagship offerings include whole-slide scanners capable of rapid, high-throughput scanning at resolutions suited for detailed morphometric and fluorescence studies.