TOP Financial Group Limited (NASDAQ:TOP) Sees Large Decrease in Short Interest

TOP Financial Group Limited (NASDAQ:TOP) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 58,268 shares, a decrease of 38.0% from the November 30th total of 94,025 shares. Based on an average daily trading volume, of 39,735 shares, the short-interest ratio is currently 1.5 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 39,735 shares, the short-interest ratio is currently 1.5 days.

Hedge Funds Weigh In On TOP Financial Group

A hedge fund recently raised its stake in TOP Financial Group stock. Susquehanna International Group LLP increased its stake in TOP Financial Group Limited (NASDAQ:TOP) by 42.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,793 shares of the company’s stock after buying an additional 15,330 shares during the quarter. Susquehanna International Group LLP owned about 0.14% of TOP Financial Group worth $67,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TOP Financial Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

TOP Financial Group Trading Up 1.0%

TOP opened at $1.05 on Monday. The stock has a 50-day moving average of $1.11 and a 200 day moving average of $1.20. TOP Financial Group has a 12 month low of $0.94 and a 12 month high of $3.33.

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.