The LGL Group, Inc. (NYSEAMERICAN:LGL) Sees Large Decrease in Short Interest

The LGL Group, Inc. (NYSEAMERICAN:LGL) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 11,600 shares, a drop of 18.3% from the September 15th total of 14,200 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 5,400 shares, the days-to-cover ratio is presently 2.1 days.

The LGL Group Stock Up 2.4 %

NYSEAMERICAN:LGL opened at $5.95 on Friday. The LGL Group has a 1 year low of $4.35 and a 1 year high of $6.76. The stock has a market capitalization of $31.85 million, a price-to-earnings ratio of -1.57, a price-to-earnings-growth ratio of 1.42 and a beta of 0.60.

The LGL Group (NYSEAMERICAN:LGL) last released its quarterly earnings results on Tuesday, August 13th. The industrial products company reported $0.02 earnings per share for the quarter. The LGL Group had a negative net margin of 64.20% and a negative return on equity of 30.65%. The company had revenue of $0.53 million during the quarter. As a group, equities research analysts anticipate that The LGL Group will post 0.12 earnings per share 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.