Short Interest in The LGL Group, Inc. (NYSEAMERICAN:LGL) Expands By 48.6%

The LGL Group, Inc. (NYSEAMERICAN:LGLGet Rating) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 5,500 shares, an increase of 48.6% from the March 31st total of 3,700 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 6,900 shares, the short-interest ratio is currently 0.8 days.

Shares of NYSEAMERICAN LGL traded down $0.17 during mid-day trading on Friday, reaching $10.66. The company had a trading volume of 5,921 shares, compared to its average volume of 3,249. The LGL Group has a 52 week low of $9.51 and a 52 week high of $14.49.

The LGL Group (NYSEAMERICAN:LGLGet Rating) last issued its earnings results on Monday, March 28th. The industrial products company reported ($3.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($3.32). The LGL Group had a negative return on equity of 33.33% and a net margin of 52.02%. As a group, equities research analysts anticipate that The LGL Group will post 0.27 earnings per share for the current year.

Separately, Zacks Investment Research cut shares of The LGL Group from a “hold” rating to a “sell” rating in a report on Thursday, March 17th.

An institutional investor recently bought a new position in The LGL Group stock. Advisor Group Holdings Inc. bought a new position in shares of The LGL Group, Inc. (NYSEAMERICAN:LGLGet Rating) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,400 shares of the industrial products company’s stock, valued at approximately $27,000. 21.38% of the stock is currently owned by institutional investors.

The LGL Group Company Profile (Get Rating)

The LGL Group, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company operates through two segments, Electronic Components and Electronic Instruments. The Electronic Components segment offers clock oscillators, VCXO, TCXO OCXO, and DOCXO devices; and radio frequency, microwave and millimeter wave filters, diplexers, and solid-state power amplifiers.

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