TOP Financial Group Limited (NASDAQ:TOP) Short Interest Update

TOP Financial Group Limited (NASDAQ:TOP) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 72,033 shares, an increase of 23.6% from the December 15th total of 58,268 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 48,714 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 48,714 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On TOP Financial Group

A hedge fund recently raised its stake in TOP Financial Group stock. Susquehanna International Group LLP raised its holdings in TOP Financial Group Limited (NASDAQ:TOP) by 42.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,793 shares of the company’s stock after purchasing an additional 15,330 shares during the period. Susquehanna International Group LLP owned 0.14% of TOP Financial Group worth $67,000 at the end of the most recent reporting period. 0.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

TOP Financial Group Stock Up 2.0%

TOP Financial Group stock traded up $0.02 during trading hours on Friday, hitting $1.03. The stock had a trading volume of 111,706 shares, compared to its average volume of 34,262. TOP Financial Group has a 1-year low of $0.94 and a 1-year high of $3.33. The stock’s fifty day moving average is $1.07 and its two-hundred day moving average is $1.17.

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.