Top Wealth Group Holding Limited (NASDAQ:TWG – Get Free Report) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,623,322 shares, a growth of 759.6% from the September 30th total of 188,853 shares. Based on an average trading volume of 9,057,563 shares, the short-interest ratio is presently 0.2 days. Currently, 102.1% of the company’s shares are sold short.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Top Wealth Group in a report on Friday, August 21st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Top Wealth Group currently has a consensus rating of “Sell”.
Check Out Our Latest Report on TWG
Top Wealth Group Price Performance
TWG stock opened at $3.32 on Wednesday. The company’s 50-day moving average is $29.82 and its 200-day moving average is $242.00. Top Wealth Group has a 1 year low of $3.20 and a 1 year high of $2,636.00.
Top Wealth Group (NASDAQ:TWG – Get Free Report) last posted its earnings results on Wednesday, August 19th. The company reported $6.00 earnings per share (EPS) for the quarter. The firm had revenue of $3.07 million during the quarter.
About Top Wealth Group
Top Wealth Group Holding Limited is a Hong Kong-based company focused on the distribution of premium cigars and related tobacco products. Through its operating subsidiaries, the company serves customers in Hong Kong and works with suppliers and business partners in the premium cigar market.
Its product offering includes well-known Cuban cigar brands such as Cohiba, Montecristo, Partagás, Romeo y Julieta, H. Upmann and Trinidad. The company distributes cigars through business-to-business channels, including retailers and other commercial customers, catering primarily to the premium and luxury tobacco segment.
Top Wealth Group Holding Limited is incorporated in the Cayman Islands and operates principally through its Hong Kong business.
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