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

The LGL Group, Inc. (NYSEAMERICAN:LGL) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 8,700 shares, a decrease of 38.7% from the December 31st total of 14,200 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 5,400 shares, the short-interest ratio is presently 1.6 days.

The LGL Group Stock Down 0.4 %

NYSEAMERICAN:LGL traded down $0.03 on Wednesday, reaching $6.80. The stock had a trading volume of 1,978 shares, compared to its average volume of 8,315. The firm has a market cap of $36.40 million, a PE ratio of -1.79, a price-to-earnings-growth ratio of 1.42 and a beta of 0.60. The LGL Group has a 1-year low of $4.86 and a 1-year high of $6.99.

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.