Short Interest in HRG Group, Inc. (HRG) Expands By 43.6%

HRG Group, Inc. (NYSE:HRG) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 2,688,307 shares, an increase of 43.6% from the October 13th total of 1,872,011 shares. Based on an average trading volume of 942,819 shares, the short-interest ratio is currently 2.9 days. Currently, 1.6% of the shares of the company are sold short.

A number of institutional investors have recently modified their holdings of HRG. FNY Partners Fund LP lifted its stake in HRG Group by 954.5% in the 2nd quarter. FNY Partners Fund LP now owns 6,000 shares of the company’s stock valued at $106,000 after buying an additional 5,431 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in HRG Group by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,116 shares of the company’s stock valued at $108,000 after buying an additional 503 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in HRG Group by 3.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,805 shares of the company’s stock valued at $121,000 after buying an additional 195 shares in the last quarter. Seven Eight Capital LP lifted its stake in HRG Group by 162.1% in the 2nd quarter. Seven Eight Capital LP now owns 7,600 shares of the company’s stock valued at $135,000 after buying an additional 4,700 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in HRG Group by 5.1% in the 2nd quarter. Amalgamated Bank now owns 15,284 shares of the company’s stock valued at $271,000 after acquiring an additional 737 shares during the last quarter. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HRG Group (HRG) opened at $16.05 on Tuesday. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.98 and a current ratio of 1.88. HRG Group has a 12 month low of $14.22 and a 12 month high of $20.17.

Separately, BidaskClub lowered shares of HRG Group from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th.

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HRG Group Company Profile

HRG Group, Inc is a holding company. The Company operates through two segments: Consumer Products and Insurance. The Consumer Products segment consists of the Company’s subsidiary, Spectrum Brands Holdings, Inc (Spectrum Brands). The Insurance segment includes its subsidiary, Front Street Re (Delaware) Ltd.

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