StoneX Group Inc. (NASDAQ:SNEX) Short Interest Update

StoneX Group Inc. (NASDAQ:SNEX) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 350,400 shares, a growth of 44.8% from the October 31st total of 242,000 shares. Based on an average daily volume of 141,800 shares, the short-interest ratio is currently 2.5 days.

Insider Buying and Selling

In related news, Director John Moore Fowler sold 1,800 shares of StoneX Group stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $100.14, for a total value of $180,252.00. Following the completion of the sale, the director now directly owns 81,375 shares in the company, valued at $8,148,892.50. This trade represents a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sean Michael Oconnor sold 37,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $98.42, for a total transaction of $3,690,750.00. Following the transaction, the chief executive officer now owns 506,994 shares in the company, valued at approximately $49,898,349.48. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. boosted its holdings in StoneX Group by 80.3% during the second quarter. American Century Companies Inc. now owns 808,768 shares of the company’s stock worth $60,908,000 after buying an additional 360,164 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in StoneX Group by 148.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 311,088 shares of the company’s stock worth $25,472,000 after acquiring an additional 185,769 shares during the last quarter. Foundry Partners LLC acquired a new position in StoneX Group during the third quarter valued at approximately $5,348,000. Assenagon Asset Management S.A. increased its stake in StoneX Group by 21.4% in the second quarter. Assenagon Asset Management S.A. now owns 328,751 shares of the company’s stock valued at $24,758,000 after purchasing an additional 57,938 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in StoneX Group by 341.9% in the first quarter. Janus Henderson Group PLC now owns 63,791 shares of the company’s stock worth $4,480,000 after purchasing an additional 49,355 shares during the period. 75.93% of the stock is currently owned by institutional investors.

StoneX Group Trading Down 0.4 %

SNEX traded down $0.42 during trading on Friday, reaching $103.76. 85,138 shares of the company’s stock were exchanged, compared to its average volume of 134,430. The company’s fifty day moving average price is $91.00 and its 200-day moving average price is $82.02. The firm has a market capitalization of $3.30 billion, a PE ratio of 13.04 and a beta of 0.75. StoneX Group has a fifty-two week low of $60.38 and a fifty-two week high of $106.77. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.30 and a current ratio of 1.80.

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.