Lionheart Holdings Class A Ordinary Shares (NASDAQ:CUB) Short Interest Down 42.4% in August

Key Points

• Short interest fell 42.4% to 10,528 shares as of August 14, representing just 0.1% of outstanding shares and a days-to-cover ratio of 0.1.
• CUB shares traded at $10.88, near their 50- and 200-day averages, while the company reported a quarterly loss of $0.15 per share.
• Analyst sentiment remains bearish: Weiss Ratings downgraded the stock to “sell,” Wall Street Zen also issued a “sell” rating, and the consensus rating is “Sell.”

Lionheart Holdings Class A Ordinary Shares (NASDAQ:CUB - Get Free Report) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 10,528 shares, a decline of 42.4% from the July 30th total of 18,268 shares. Based on an average daily trading volume, of 103,883 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company's stock are sold short.

Lionheart Holdings Class A Ordinary Shares Stock Performance

Shares of CUB stock traded up $0.01 during mid-day trading on Friday, reaching $10.88. 11,548 shares of the company were exchanged, compared to its average volume of 82,038. The business's 50 day simple moving average is $10.82 and its 200 day simple moving average is $10.77. The company has a market capitalization of $284.62 million, a P/E ratio of 181.36 and a beta of 0.01. Lionheart Holdings Class A Ordinary Shares has a fifty-two week low of $10.50 and a fifty-two week high of $11.23.

Lionheart Holdings Class A Ordinary Shares (NASDAQ:CUB - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.15) earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Weiss Ratings downgraded Lionheart Holdings Class A Ordinary Shares from a "sell (d+)" rating to a "sell (d-)" rating in a research note on Monday, August 24th. Wall Street Zen cut Lionheart Holdings Class A Ordinary Shares from a "hold" rating to a "sell" rating in a research note on Saturday, August 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lionheart Holdings Class A Ordinary Shares presently has a consensus rating of "Sell".

Institutional Trading of Lionheart Holdings Class A Ordinary Shares

An institutional investor recently raised its stake in Lionheart Holdings Class A Ordinary Shares stock. Berkley W R Corp grew its position in shares of Lionheart Holdings Class A Ordinary Shares (NASDAQ:CUB - Free Report) by 45.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 916,973 shares of the company's stock after buying an additional 285,106 shares during the period. Berkley W R Corp owned about 2.99% of Lionheart Holdings Class A Ordinary Shares worth $9,867,000 as of its most recent SEC filing.

About Lionheart Holdings Class A Ordinary Shares

Lionheart Holdings is a blank check company.

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