The LGL Group, Inc. (NYSEAMERICAN:LGL) Short Interest Down 55.7% in June

The LGL Group, Inc. (NYSEAMERICAN:LGL) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 3,900 shares, a decline of 55.7% from the May 31st total of 8,800 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is currently 1.0 days.

The LGL Group Price Performance

Shares of LGL traded down $0.11 during trading hours on Friday, hitting $5.24. The company had a trading volume of 18,810 shares, compared to its average volume of 5,845. The firm has a market capitalization of $28.05 million, a PE ratio of -1.38, a PEG ratio of 1.42 and a beta of 0.60. The LGL Group has a 12 month low of $4.20 and a 12 month high of $6.76.

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.