Short Interest in StoneX Group Inc. (NASDAQ:SNEX) Rises By 21.9%

StoneX Group Inc. (NASDAQ:SNEX) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 612,000 shares, an increase of 21.9% from the January 31st total of 501,900 shares. Based on an average daily trading volume, of 200,100 shares, the days-to-cover ratio is currently 3.1 days.

Insider Activity

In related news, insider Glenn Henry Stevens sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $117.82, for a total value of $1,767,300.00. Following the completion of the sale, the insider now directly owns 77,964 shares in the company, valued at approximately $9,185,718.48. The trade was a 16.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SNEX. Tidal Investments LLC acquired a new position in shares of StoneX Group during the fourth quarter worth approximately $16,557,000. JPMorgan Chase & Co. increased its position in shares of StoneX Group by 104.3% during the fourth quarter. JPMorgan Chase & Co. now owns 329,287 shares of the company’s stock valued at $32,260,000 after purchasing an additional 168,098 shares during the period. American Century Companies Inc. increased its position in shares of StoneX Group by 17.7% during the fourth quarter. American Century Companies Inc. now owns 1,014,231 shares of the company’s stock valued at $99,364,000 after purchasing an additional 152,847 shares during the period. Norges Bank bought a new stake in shares of StoneX Group during the fourth quarter valued at approximately $10,551,000. Finally, Raymond James Financial Inc. bought a new stake in shares of StoneX Group during the fourth quarter valued at approximately $10,276,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Stock Up 1.9 %

SNEX opened at $120.22 on Thursday. The business has a 50 day moving average price of $110.86 and a 200 day moving average price of $97.23. StoneX Group has a twelve month low of $64.03 and a twelve month high of $128.23. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.29 and a current ratio of 1.77. The firm has a market cap of $3.86 billion, a P/E ratio of 14.36 and a beta of 0.77.

StoneX Group shares are going to split before the market opens on Monday, March 24th. The 3-2 split was announced on Wednesday, February 5th. The newly issued shares will be distributed to shareholders after the closing bell on Friday, March 21st.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.39. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. Research analysts forecast that StoneX Group will post 8.7 EPS for the current year.

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.