The LGL Group, Inc. (NYSEAMERICAN:LGL) Short Interest Up 19.5% in August

The LGL Group, Inc. (NYSEAMERICAN:LGL) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 14,100 shares, an increase of 19.5% from the August 15th total of 11,800 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 5,000 shares, the short-interest ratio is presently 2.8 days.

The LGL Group Trading Down 3.3 %

Shares of NYSEAMERICAN:LGL traded down $0.20 during midday trading on Friday, hitting $5.86. 5,943 shares of the stock were exchanged, compared to its average volume of 5,811. The stock has a market cap of $31.37 million, a P/E ratio of -1.54, a price-to-earnings-growth ratio of 1.42 and a beta of 0.60. The LGL Group has a 12 month low of $4.20 and a 12 month high of $6.76.

The LGL Group (NYSEAMERICAN:LGL) last posted its quarterly earnings data on Tuesday, August 13th. The industrial products company reported $0.02 EPS for the quarter. The company had revenue of $0.53 million for the quarter. The LGL Group had a negative return on equity of 30.65% and a negative net margin of 64.20%. As a group, equities analysts forecast that The LGL Group will post 0.12 EPS for the current year.

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.