TOP Financial Group Limited (NASDAQ:TOP – Get Free Report) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 188,393 shares, an increase of 100.3% from the June 30th total of 94,053 shares. Based on an average daily volume of 396,117 shares, the short-interest ratio is currently 0.5 days. Currently, 3.9% of the shares of the company are short sold.
Hedge Funds Weigh In On TOP Financial Group
Institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd bought a new position in shares of TOP Financial Group in the fourth quarter worth about $35,000. Virtu Financial LLC bought a new stake in TOP Financial Group during the 3rd quarter worth approximately $42,000. Finally, Susquehanna International Group LLP lifted its holdings in TOP Financial Group by 42.0% during the third quarter. Susquehanna International Group LLP now owns 51,793 shares of the company’s stock valued at $67,000 after purchasing an additional 15,330 shares in the last quarter. 0.26% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on TOP. Wall Street Zen raised TOP Financial Group to a “hold” rating in a report on Saturday. Weiss Ratings upgraded 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, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.
TOP Financial Group Trading Up 5.6%
TOP opened at $2.26 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.54 and a quick ratio of 1.54. The company’s 50 day moving average is $1.56 and its 200 day moving average is $1.15. TOP Financial Group has a 12-month low of $0.61 and a 12-month high of $3.33.
TOP Financial Group (NASDAQ:TOP – Get Free Report) last announced its earnings results on Tuesday, July 7th. The company reported ($0.02) EPS for the quarter. The business had revenue of $0.73 million for the quarter.
TOP Financial Group Company Profile
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.
See Also
- Five stocks we like better than TOP Financial Group
- UPS Just Gave Investors a Second Chance to Buy
- Welltower at 52-Week Highs—But Analysts Believe There’s More to Come
- D-Wave’s AT&T Deal Shows Quantum Computing Is Moving Beyond Theory
- Insiders Sell, Institutions Buy: The AI Trade Is Getting More Interesting
Receive News & Ratings for TOP Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TOP Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.
