Short Interest in StoneX Group Inc. (NASDAQ:SNEX) Rises By 29.8%

StoneX Group Inc. (NASDAQ:SNEX) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 271,500 shares, a growth of 29.8% from the May 31st total of 209,100 shares. Based on an average daily trading volume, of 130,100 shares, the days-to-cover ratio is presently 2.1 days.

Insiders Place Their Bets

In other StoneX Group news, insider Diego Rotsztain sold 5,382 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $70.63, for a total transaction of $380,130.66. Following the completion of the sale, the insider now owns 23,078 shares of the company’s stock, valued at approximately $1,629,999.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Charles M. Lyon sold 4,016 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $74.02, for a total transaction of $297,264.32. Following the completion of the sale, the chief executive officer now owns 61,557 shares of the company’s stock, valued at $4,556,449.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Diego Rotsztain sold 5,382 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $70.63, for a total value of $380,130.66. Following the transaction, the insider now owns 23,078 shares in the company, valued at $1,629,999.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,868 shares of company stock valued at $3,448,851. 16.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SNEX. FinTrust Capital Advisors LLC grew its stake in shares of StoneX Group by 50.0% in the 4th quarter. FinTrust Capital Advisors LLC now owns 450 shares of the company’s stock worth $33,000 after acquiring an additional 150 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of StoneX Group by 45.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 601 shares of the company’s stock worth $44,000 after buying an additional 187 shares during the last quarter. Allworth Financial LP grew its holdings in shares of StoneX Group by 49.5% in the fourth quarter. Allworth Financial LP now owns 815 shares of the company’s stock valued at $60,000 after acquiring an additional 270 shares in the last quarter. C M Bidwell & Associates Ltd. increased its position in shares of StoneX Group by 49.7% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 1,066 shares of the company’s stock valued at $79,000 after acquiring an additional 354 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in StoneX Group by 2.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 15,565 shares of the company’s stock valued at $1,094,000 after purchasing an additional 375 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group Stock Up 2.5 %

SNEX traded up $1.81 during midday trading on Friday, hitting $75.31. The company had a trading volume of 450,892 shares, compared to its average volume of 126,987. The stock’s 50 day moving average price is $73.62 and its 200 day moving average price is $69.86. StoneX Group has a 52 week low of $53.89 and a 52 week high of $80.00. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 10.04 and a beta of 0.80. The company has a quick ratio of 1.20, a current ratio of 1.61 and a debt-to-equity ratio of 1.52.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.05. StoneX Group had a return on equity of 17.29% and a net margin of 0.33%. The business had revenue of $818.20 million for the quarter, compared to the consensus estimate of $788.30 million. On average, research analysts anticipate that StoneX Group will post 7.4 earnings per share for the current fiscal year.

About StoneX Group

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.