Dragon Victory International Limited (NASDAQ:LYL – Get Rating) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 68,300 shares, a growth of 133.1% from the April 15th total of 29,300 shares. Based on an average trading volume of 42,700 shares, the days-to-cover ratio is presently 1.6 days.
An institutional investor recently bought a new position in Dragon Victory International stock. Citadel Advisors LLC purchased a new position in shares of Dragon Victory International Limited (NASDAQ:LYL – Get Rating) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 18,004 shares of the company’s stock, valued at approximately $33,000. Citadel Advisors LLC owned about 0.14% of Dragon Victory International as of its most recent SEC filing. 46.52% of the stock is owned by hedge funds and other institutional investors.
LYL stock traded up $0.05 during midday trading on Friday, hitting $0.88. 8,394 shares of the company’s stock were exchanged, compared to its average volume of 13,812. The stock’s fifty day moving average price is $0.99 and its 200-day moving average price is $1.18. Dragon Victory International has a one year low of $0.70 and a one year high of $1.98.
Dragon Victory International Limited engages in the supply chain management platform services business in the People's Republic of China. It also offers customized cryptocurrency derivative products for cryptocurrency miners and institutions. The company was incorporated in 2015 and is headquartered in Hangzhou, the People's Republic of China.
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