The LGL Group, Inc. (NYSEAMERICAN:LGL) Short Interest Update

The LGL Group, Inc. (NYSEAMERICAN:LGL) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 6,000 shares, a growth of 27.7% from the March 31st total of 4,700 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 15,800 shares, the days-to-cover ratio is currently 0.4 days.

An institutional investor recently raised its position in The LGL Group stock. S. Muoio & CO. LLC lifted its stake in shares of The LGL Group, Inc. (NYSEAMERICAN:LGL) by 100.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,154 shares of the industrial products company’s stock after purchasing an additional 32,577 shares during the quarter. S. Muoio & CO. LLC owned about 1.24% of The LGL Group worth $818,000 as of its most recent filing with the Securities and Exchange Commission. 22.57% of the stock is currently owned by institutional investors.

Shares of LGL stock traded down $0.28 on Tuesday, hitting $10.75. 5,973 shares of the stock traded hands, compared to its average volume of 14,652. The stock’s fifty day moving average is $10.05. The LGL Group has a 1-year low of $7.82 and a 1-year high of $14.50. The company has a market cap of $57.28 million, a P/E ratio of 27.57 and a beta of 0.88.

The LGL Group (NYSEAMERICAN:LGL) last issued its earnings results on Wednesday, March 24th. The industrial products company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.24). The LGL Group had a return on equity of 6.86% and a net margin of 6.24%.

The LGL Group Company Profile

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 in 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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