The LGL Group, Inc. (NYSEAMERICAN:LGL) Sees Significant Increase in Short Interest

The LGL Group, Inc. (NYSEAMERICAN:LGL) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 12,900 shares, an increase of 20.6% from the March 15th total of 10,700 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 5,700 shares, the short-interest ratio is presently 2.3 days.

The LGL Group Trading Down 2.3 %

Shares of NYSEAMERICAN:LGL opened at $6.50 on Wednesday. The LGL Group has a 12-month low of $4.86 and a 12-month high of $7.28. The company has a market cap of $34.79 million, a price-to-earnings ratio of -1.71, a price-to-earnings-growth ratio of 1.42 and a beta of 0.60.

The LGL Group Company Profile

The LGL Group, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of time and frequency instruments in the United States and internationally. It operates in two segments, Electronic Instruments and Merchant Investment. The company offers frequency and time reference standards; radio frequency (RF), digital, and optical time code distribution amplifiers; Network Time Protocol (NTP) servers; and redundancy auto switches.