Short Interest in StoneX Group Inc. (NASDAQ:SNEX) Decreases By 40.1%

StoneX Group Inc. (NASDAQ:SNEX) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 242,000 shares, a decrease of 40.1% from the October 15th total of 403,700 shares. Based on an average trading volume of 127,700 shares, the days-to-cover ratio is currently 1.9 days.

StoneX Group Stock Down 1.0 %

StoneX Group stock opened at $97.77 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.64 and a quick ratio of 1.20. StoneX Group has a fifty-two week low of $59.07 and a fifty-two week high of $101.61. The firm has a fifty day moving average price of $85.24 and a two-hundred day moving average price of $79.61. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 13.55 and a beta of 0.75.

Insider Activity

In related news, CEO Sean Michael Oconnor sold 37,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $98.42, for a total value of $3,690,750.00. Following the transaction, the chief executive officer now directly owns 506,994 shares of the company’s stock, valued at approximately $49,898,349.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 16.24% of the stock is currently owned by insiders.

Hedge Funds Weigh In On StoneX Group

Large investors have recently made changes to their positions in the business. Janus Henderson Group PLC increased its position in StoneX Group by 341.9% in the 1st quarter. Janus Henderson Group PLC now owns 63,791 shares of the company’s stock worth $4,480,000 after buying an additional 49,355 shares during the period. Vanguard Group Inc. boosted its holdings in StoneX Group by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 1,909,965 shares of the company’s stock valued at $134,194,000 after purchasing an additional 34,112 shares during the period. International Assets Investment Management LLC grew its position in StoneX Group by 8,088.0% in the 3rd quarter. International Assets Investment Management LLC now owns 24,564 shares of the company’s stock worth $2,011,000 after purchasing an additional 24,264 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of StoneX Group by 21.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 328,751 shares of the company’s stock worth $24,758,000 after purchasing an additional 57,938 shares during the period. Finally, Denali Advisors LLC raised its position in shares of StoneX Group by 1,680.4% during the second quarter. Denali Advisors LLC now owns 41,500 shares of the company’s stock valued at $3,125,000 after buying an additional 39,169 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s 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.