Short Interest in StoneX Group Inc. (NASDAQ:SNEX) Decreases By 40.1%

StoneX Group Inc. (NASDAQ:SNEX) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 242,000 shares, a decline of 40.1% from the October 15th total of 403,700 shares. Based on an average daily trading volume, of 127,700 shares, the days-to-cover ratio is presently 1.9 days.

Insider Activity

In related news, CEO Sean Michael Oconnor sold 37,500 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $98.42, for a total value of $3,690,750.00. Following the completion of the sale, the chief executive officer now directly owns 506,994 shares of the company’s stock, valued at approximately $49,898,349.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On StoneX Group

A number of hedge funds have recently modified their holdings of the stock. American Century Companies Inc. increased its position in StoneX Group by 80.3% in the 2nd quarter. American Century Companies Inc. now owns 808,768 shares of the company’s stock worth $60,908,000 after purchasing an additional 360,164 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in StoneX Group by 148.2% during the third quarter. Harbor Capital Advisors Inc. now owns 311,088 shares of the company’s stock valued at $25,472,000 after acquiring an additional 185,769 shares in the last quarter. Foundry Partners LLC acquired a new stake in StoneX Group in the third quarter valued at approximately $5,348,000. Assenagon Asset Management S.A. grew its position in StoneX Group by 21.4% in the second quarter. Assenagon Asset Management S.A. now owns 328,751 shares of the company’s stock worth $24,758,000 after acquiring an additional 57,938 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of StoneX Group by 341.9% during the 1st quarter. Janus Henderson Group PLC now owns 63,791 shares of the company’s stock worth $4,480,000 after purchasing an additional 49,355 shares during the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

StoneX Group Stock Down 1.0 %

StoneX Group stock opened at $97.77 on Wednesday. The firm’s 50 day moving average price is $85.24 and its two-hundred day moving average price is $79.61. The firm has a market cap of $3.11 billion, a PE ratio of 13.55 and a beta of 0.75. StoneX Group has a twelve month low of $59.07 and a twelve month high of $101.61. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.20 and a current ratio of 1.64.

StoneX Group Company Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.