StoneX Group Inc. (NASDAQ:SNEX) Short Interest Up 21.9% in February

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) saw a significant increase in short interest in 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 volume of 200,100 shares, the short-interest ratio is presently 3.1 days.

StoneX Group Stock Performance

Shares of NASDAQ SNEX traded down $2.29 during midday trading on Friday, hitting $114.96. The company's stock had a trading volume of 316,670 shares, compared to its average volume of 240,731. The stock has a fifty day moving average price of $111.52 and a 200 day moving average price of $97.60. StoneX Group has a one year low of $64.03 and a one year high of $128.23. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 13.73 and a beta of 0.77.

StoneX Group's stock is scheduled 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 issued to shareholders after the market closes on Friday, March 21st.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.15 by $0.39. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. On average, research analysts forecast that StoneX Group will post 8.7 EPS for the current fiscal year.

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Insider Activity

In other news, insider Glenn Henry Stevens sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $117.82, for a total value of $1,767,300.00. Following the sale, the insider now owns 77,964 shares of the company's stock, valued at $9,185,718.48. The trade was a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 11.70% of the company's stock.

Hedge Funds Weigh In On StoneX Group

Several hedge funds have recently bought and sold shares of SNEX. Kestra Investment Management LLC purchased a new position in StoneX Group in the 4th quarter worth approximately $31,000. Huntington National Bank grew its stake in StoneX Group by 1,906.9% in the 3rd quarter. Huntington National Bank now owns 582 shares of the company's stock worth $48,000 after buying an additional 553 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in StoneX Group by 250.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock worth $64,000 after buying an additional 469 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in StoneX Group in the 4th quarter worth approximately $75,000. Finally, KBC Group NV grew its stake in StoneX Group by 39.0% in the 4th quarter. KBC Group NV now owns 1,309 shares of the company's stock worth $128,000 after buying an additional 367 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.

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.