Short Interest in TOP Financial Group Limited (NASDAQ:TOP) Decreases By 75.5%

TOP Financial Group Limited (NASDAQ:TOP) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 140,597 shares, a decrease of 75.5% from the July 30th total of 573,013 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 110,416 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of TOP Financial Group

Several large investors have recently modified their holdings of TOP. Public Employees Retirement System of Ohio bought a new position in TOP Financial Group in the second quarter valued at about $1,035,000. XTX Topco Ltd purchased a new stake in TOP Financial Group during the fourth quarter valued at approximately $35,000. Susquehanna International Group LLP raised its position in TOP Financial Group by 42.0% in the third 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. Finally, Virtu Financial LLC bought a new position in TOP Financial Group in the third quarter worth approximately $42,000. Institutional investors own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TOP shares. Wall Street Zen upgraded 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 report on Thursday, July 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, TOP Financial Group has a consensus rating of “Sell”.

TOP Financial Group Stock Up 8.5%

NASDAQ:TOP opened at $16.73 on Friday. The company has a market capitalization of $2.04 billion, a PE ratio of -836.50 and a beta of -1.12. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.65 and a quick ratio of 2.65. TOP Financial Group has a 1-year low of $3.06 and a 1-year high of $17.42. The firm’s 50-day moving average price is $10.99 and its 200-day moving average price is $6.89.

TOP Financial Group (NASDAQ:TOP) last announced its quarterly earnings data on Monday, August 17th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $1.08 million for the quarter.

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.