GWG Holdings, Inc. (NASDAQ:GWGH) Sees Significant Growth in Short Interest

GWG Holdings, Inc. (NASDAQ:GWGHGet Rating) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 226,100 shares, a growth of 178.1% from the March 31st total of 81,300 shares. Currently, 4.9% of the company’s stock are sold short. Based on an average trading volume of 136,600 shares, the short-interest ratio is presently 1.7 days.

GWGH traded down $0.22 during trading on Friday, reaching $2.89. 125,398 shares of the stock were exchanged, compared to its average volume of 114,093. The company has a debt-to-equity ratio of 18.34, a current ratio of 10.74 and a quick ratio of 10.74. The stock’s 50 day moving average price is $4.12 and its two-hundred day moving average price is $6.45. GWG has a twelve month low of $1.45 and a twelve month high of $10.90.

Several institutional investors and hedge funds have recently made changes to their positions in the company. 683 Capital Management LLC acquired a new stake in GWG during the fourth quarter worth about $375,000. Moloney Securities Asset Management LLC boosted its stake in shares of GWG by 24.7% during the fourth quarter. Moloney Securities Asset Management LLC now owns 88,539 shares of the financial services provider’s stock valued at $885,000 after purchasing an additional 17,549 shares in the last quarter. Geode Capital Management LLC acquired a new stake in GWG in the third quarter valued at $135,000. BlackRock Inc. increased its position in GWG by 15.7% during the 3rd quarter. BlackRock Inc. now owns 8,455 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 1,146 shares during the period. Finally, Millennium Management LLC bought a new position in shares of GWG in the 2nd quarter worth about $277,000. 0.58% of the stock is currently owned by institutional investors.

GWG Company Profile (Get Rating)

GWG Holdings, Inc, a financial services company, provides various liquidity solutions and services for the owners of illiquid alternative assets in North America, Asia, Western Europe, Latin and South America, and internationally. It operates in two segments, Secondary Life Insurance and Beneficient.

Featured Articles

Receive News & Ratings for GWG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GWG and related companies with MarketBeat.com's FREE daily email newsletter.