HRG Group Inc (NYSE:HRG) Short Interest Update

HRG Group Inc (NYSE:HRG) saw 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 daily trading volume, of 942,819 shares, the days-to-cover ratio is currently 2.9 days. Currently, 1.6% of the company’s shares are short sold.

HRG Group (HRG) traded down $0.17 during trading on Wednesday, hitting $16.99. 1,708,254 shares of the stock traded hands, compared to its average volume of 1,242,111. HRG Group has a 12 month low of $14.22 and a 12 month high of $20.17.

A number of hedge funds and other institutional investors have recently bought and sold shares of HRG. FNY Partners Fund LP increased its holdings in shares of HRG Group by 954.5% in the second quarter. FNY Partners Fund LP now owns 6,000 shares of the company’s stock valued at $106,000 after purchasing an additional 5,431 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of HRG Group by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,116 shares of the company’s stock valued at $108,000 after acquiring an additional 503 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of HRG Group by 3.0% in the second quarter. Public Employees Retirement System of Ohio now owns 6,805 shares of the company’s stock valued at $121,000 after acquiring an additional 195 shares in the last quarter. Seven Eight Capital LP grew its stake in shares of HRG Group by 162.1% in the second quarter. Seven Eight Capital LP now owns 7,600 shares of the company’s stock valued at $135,000 after acquiring an additional 4,700 shares in the last quarter. Finally, Amalgamated Bank grew its stake in shares of HRG Group by 5.1% in the second quarter. Amalgamated Bank now owns 15,284 shares of the company’s stock valued at $271,000 after acquiring an additional 737 shares in the last quarter. 95.51% of the stock is currently owned by hedge funds and other institutional investors.

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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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