StoneX Group Inc. (NASDAQ:SNEX) Sees Significant Increase in Short Interest

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

StoneX Group Price Performance

Shares of StoneX Group stock traded down $0.42 during mid-day trading on Friday, reaching $103.76. 85,138 shares of the stock were exchanged, compared to its average volume of 134,430. StoneX Group has a fifty-two week low of $60.38 and a fifty-two week high of $106.77. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 13.04 and a beta of 0.75. The firm has a 50-day simple moving average of $91.00 and a 200 day simple moving average of $82.02. The company has a current ratio of 1.80, a quick ratio of 1.30 and a debt-to-equity ratio of 1.26.

Insider Activity

In other news, CEO Sean Michael Oconnor sold 37,500 shares of the 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 completion of 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 represents a 6.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John Moore Fowler sold 1,800 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were 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 approximately $8,148,892.50. This represents a 2.16 % decrease in their position. The disclosure for this sale can be found here. 16.24% of the stock is owned by company insiders.

Institutional Trading of StoneX Group

Several large investors have recently added to or reduced their stakes in SNEX. American Century Companies Inc. boosted its holdings in shares of StoneX Group by 80.3% in the 2nd quarter. American Century Companies Inc. now owns 808,768 shares of the company’s stock worth $60,908,000 after acquiring an additional 360,164 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in StoneX Group by 148.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 311,088 shares of the company’s stock valued at $25,472,000 after purchasing an additional 185,769 shares during the last quarter. Foundry Partners LLC acquired a new position in StoneX Group in the third quarter worth $5,348,000. Assenagon Asset Management S.A. grew its holdings in shares of StoneX Group by 21.4% during the second 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 last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of StoneX Group by 341.9% in the first quarter. Janus Henderson Group PLC now owns 63,791 shares of the company’s stock valued at $4,480,000 after buying an additional 49,355 shares in the last quarter. 75.93% of the stock is owned by institutional investors.

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.