StoneX Group Inc. (NASDAQ:SNEX) Short Interest Up 76.1% in March

StoneX Group Inc. (NASDAQ:SNEX) was the recipient of a large increase in short interest during the month of 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. Approximately 4.2% of the company’s shares are short sold. Based on an average daily trading volume, of 371,300 shares, the short-interest ratio is currently 3.2 days.

StoneX Group Trading Down 3.2 %

SNEX traded down $2.48 during trading on Friday, hitting $76.12. 444,770 shares of the company’s stock were exchanged, compared to its average volume of 253,119. StoneX Group has a 1 year low of $42.69 and a 1 year high of $85.49. The stock has a 50 day moving average price of $77.02 and a 200 day moving average price of $67.56. The firm has a market cap of $3.66 billion, a P/E ratio of 9.09 and a beta of 0.77. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.69 earnings per share for the quarter, topping 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 expect that StoneX Group will post 8.7 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On StoneX Group

A number of large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its position in StoneX Group by 16.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,024 shares of the company’s stock valued at $492,000 after acquiring an additional 711 shares in the last quarter. Jefferies Financial Group Inc. grew its holdings in StoneX Group by 1,386.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 37,300 shares of the company’s stock valued at $3,654,000 after purchasing an additional 34,790 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in StoneX Group during the 4th quarter worth $312,000. Ashford Capital Management Inc. lifted its holdings in StoneX Group by 4.7% in the 4th quarter. Ashford Capital Management Inc. now owns 293,350 shares of the company’s stock worth $28,740,000 after buying an additional 13,120 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in StoneX Group by 24.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,052 shares of the company’s stock valued at $6,765,000 after buying an additional 13,614 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

Analyst Ratings Changes

Separately, William Blair initiated coverage on StoneX Group in a research note on Wednesday. They issued an “outperform” rating on the stock.

About StoneX Group

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.