StoneX Group Inc. (NASDAQ:SNEX) Sees Large Decrease in Short Interest

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 242,000 shares, a decrease of 40.1% from the October 15th total of 403,700 shares. Based on an average daily volume of 127,700 shares, the days-to-cover ratio is currently 1.9 days.

Insider Activity

In related news, CEO Sean Michael Oconnor sold 37,500 shares of the business's 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 sale, the chief executive officer now owns 506,994 shares in the company, valued at $49,898,349.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 16.24% of the company's stock.

Institutional Investors Weigh In On StoneX Group

Institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. grew its position 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 buying an additional 360,164 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in StoneX Group by 148.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 311,088 shares of the company's stock worth $25,472,000 after purchasing an additional 185,769 shares in the last quarter. Foundry Partners LLC bought a new stake in shares of StoneX Group during the 3rd quarter valued at about $5,348,000. Assenagon Asset Management S.A. boosted its stake in shares of StoneX Group by 21.4% during the 2nd 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 stake 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 buying an additional 49,355 shares in the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

StoneX Group Trading Down 2.1 %

NASDAQ SNEX traded down $2.10 during trading on Wednesday, hitting $95.67. 187,414 shares of the company's stock traded hands, compared to its average volume of 131,868. The stock has a fifty day moving average of $85.60 and a two-hundred day moving average of $79.79. StoneX Group has a 12-month low of $59.07 and a 12-month high of $101.61. The firm has a market cap of $3.04 billion, a P/E ratio of 13.65 and a beta of 0.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.64 and a quick ratio of 1.20.

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.