Liquid Holdings Group Sees Large Drop in Short Interest (LIQD)
Shares of Liquid Holdings Group (NASDAQ:LIQD) saw a large decrease in short interest in the month of August. As of August 15th, there was short interest totalling 1,416,010 shares, a decrease of 42.4% from the July 31st total of 2,458,845 shares, AmericanBankingNews.com reports. Currently, 5.1% of the shares of the stock are sold short. Based on an average daily volume of 535,495 shares, the short-interest ratio is presently 2.6 days.
LIQD has been the subject of a number of recent research reports. Analysts at Sandler O’Neill initiated coverage on shares of Liquid Holdings Group in a research note on Friday, June 13th. They set a “hold” rating and a $1.60 price target on the stock. Analysts at Craig Hallum initiated coverage on shares of Liquid Holdings Group in a research note on Friday, June 6th. They set a “buy” rating and a $2.50 price target on the stock.
Shares of Liquid Holdings Group (NASDAQ:LIQD) opened at 1.64 on Thursday. Liquid Holdings Group has a 1-year low of $1.20 and a 1-year high of $10.30. The stock has a 50-day moving average of $1.59 and a 200-day moving average of $2.79. The company’s market cap is $98.5 million.
Liquid Holdings Group (NASDAQ:LIQD) last released its earnings data on Thursday, July 31st. The company reported ($0.10) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.14) by $0.04. The company had revenue of $1.54 million for the quarter, compared to the consensus estimate of $1.47 million. Analysts expect that Liquid Holdings Group will post $-0.43 EPS for the current fiscal year.
Liquid Holdings Group, LLC, develops and provides software technology that seamlessly integrates trading, real-time risk management, accounting, reporting and administration tools in a single platform for the financial services community.
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