LGL Group Inc (NYSEAMERICAN:LGL) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 3,500 shares, a decline of 49.3% from the September 30th total of 6,900 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 19,000 shares, the days-to-cover ratio is currently 0.2 days.
Shares of LGL Group stock opened at $11.85 on Thursday. LGL Group has a fifty-two week low of $5.76 and a fifty-two week high of $13.23.
In related news, CEO Michael J. Ferrantino sold 4,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $9.35, for a total value of $37,400.00. Following the completion of the sale, the chief executive officer now directly owns 81,414 shares of the company’s stock, valued at $761,220.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael J. Ferrantino sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $10.15, for a total value of $50,750.00. Following the completion of the sale, the chief executive officer now directly owns 76,414 shares of the company’s stock, valued at $775,602.10. The disclosure for this sale can be found here.
About LGL Group
The LGL Group, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of standard and custom-engineered electronic components in the United States and internationally. The company operates in two segments, Electronic Components and Electronic Instruments. The Electronic Components segment offers packaged quartz crystals, oscillator modules, electronic filters, and integrated modules that are used primarily to control the frequency or timing of signals in electronic circuits.
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