StoneX Group Inc. (NASDAQ:SNEX) Short Interest Update

StoneX Group Inc. (NASDAQ:SNEX) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 1,200,000 shares, an increase of 76.1% from the February 28th total of 681,400 shares. Based on an average daily trading volume, of 371,300 shares, the short-interest ratio is currently 3.2 days. Approximately 4.2% of the shares of the company are sold short.

StoneX Group Price Performance

StoneX Group stock traded down $2.48 during trading hours on Friday, hitting $76.12. The stock had a trading volume of 444,770 shares, compared to its average volume of 253,119. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 9.09 and a beta of 0.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.77 and a quick ratio of 1.29. StoneX Group has a 1-year low of $42.69 and a 1-year high of $85.49. The stock’s fifty day moving average is $77.02 and its two-hundred day moving average is $67.56.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.26. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. As a group, analysts predict that StoneX Group will post 8.7 earnings per share for the current fiscal year.

Insider Transactions at StoneX Group

In other news, insider Glenn Henry Stevens sold 22,500 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $78.55, for a total transaction of $1,767,300.00. Following the transaction, the insider now directly owns 116,946 shares of the company’s stock, valued at $9,185,718.48. This represents a 16.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 11.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. State Street Corp grew its holdings in StoneX Group by 2.8% during the 3rd quarter. State Street Corp now owns 1,147,861 shares of the company’s stock valued at $93,987,000 after buying an additional 31,681 shares during the last quarter. American Century Companies Inc. raised its stake in StoneX Group by 17.7% in the 4th quarter. American Century Companies Inc. now owns 1,014,231 shares of the company’s stock valued at $99,364,000 after purchasing an additional 152,847 shares during the last quarter. Geode Capital Management LLC lifted its holdings in StoneX Group by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 677,333 shares of the company’s stock valued at $66,372,000 after purchasing an additional 6,076 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of StoneX Group by 6.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 623,182 shares of the company’s stock worth $51,022,000 after purchasing an additional 37,808 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its holdings in shares of StoneX Group by 2.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 521,073 shares of the company’s stock worth $51,050,000 after buying an additional 10,222 shares in the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, William Blair began coverage on shares of StoneX Group in a research report on Wednesday. They set an “outperform” rating on the stock.

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.