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

The LGL Group, Inc. (NYSEAMERICAN:LGL) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 3,900 shares, a decline of 55.7% from the May 31st total of 8,800 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is currently 1.0 days.

The LGL Group Stock Up 0.4 %

NYSEAMERICAN LGL traded up $0.02 on Friday, hitting $5.37. 18,810 shares of the stock were exchanged, compared to its average volume of 5,845. The LGL Group has a 52-week low of $4.20 and a 52-week high of $6.76. The firm has a market capitalization of $28.75 million, a price-to-earnings ratio of -1.41, a PEG ratio of 1.42 and a beta of 0.60.

About The LGL Group

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.