TOP Financial Group Limited (NASDAQ:TOP) Short Interest Update
by Tristan Rich · The Markets DailyTOP Financial Group Limited (NASDAQ:TOP – Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 573,013 shares, a growth of 204.2% from the July 15th total of 188,393 shares. Based on an average daily trading volume, of 657,298 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.5% of the company’s shares are short sold.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of TOP Financial Group to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings upgraded shares of TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, TOP Financial Group presently has an average rating of “Sell”.
Read Our Latest Report on TOP Financial Group
TOP Financial Group Trading Up 0.9%
NASDAQ:TOP traded up $0.10 on Thursday, reaching $10.94. 77,277 shares of the stock traded hands, compared to its average volume of 87,376. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.54 and a current ratio of 1.54. TOP Financial Group has a 1-year low of $3.06 and a 1-year high of $16.65. The company’s 50 day moving average is $9.12 and its 200-day moving average is $6.17.
TOP Financial Group (NASDAQ:TOP – Get Free Report) last issued its quarterly earnings results on Tuesday, July 7th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $0.73 million for the quarter.
Hedge Funds Weigh In On TOP Financial Group
Hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in TOP Financial Group in the third quarter valued at $42,000. XTX Topco Ltd acquired a new stake in TOP Financial Group during the 4th quarter worth about $35,000. Finally, Susquehanna International Group LLP grew its holdings in TOP Financial Group by 42.0% during the 3rd quarter. Susquehanna International Group LLP now owns 51,793 shares of the company’s stock worth $67,000 after acquiring an additional 15,330 shares during the period. Institutional investors and hedge funds own 0.26% of the company’s stock.
About TOP Financial Group
TOP Financial Group Limited, through its subsidiaries, operates as an online brokerage company in Hong Kong. It is involved in the trading of local and overseas equities, futures, and options products; and the provision of brokerage and value-added services, including trade order placement and execution, account management, and customer support services. The company provides a range of futures products, such as index futures, forex futures, agricultural product futures, energy futures, and precious metal futures.