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

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. XTX Topco Ltd bought a new position in shares of TOP Financial Group in the fourth quarter worth about $35,000. Virtu Financial LLC purchased a new position in TOP Financial Group during the 3rd quarter valued at approximately $42,000. Susquehanna International Group LLP increased its stake in TOP Financial Group by 42.0% in the 3rd 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 last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in TOP Financial Group in the 2nd quarter worth approximately $1,035,000. Institutional investors own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TOP. Wall Street Zen raised shares of TOP Financial Group to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings raised 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, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

TOP Financial Group Stock Up 3.6%

TOP Financial Group stock traded up $0.54 during midday trading on Thursday, hitting $15.42. The stock had a trading volume of 77,985 shares, compared to its average volume of 112,446. TOP Financial Group has a 52-week low of $3.06 and a 52-week high of $16.65. The firm’s fifty day moving average is $10.80 and its two-hundred day moving average is $6.82. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.02.

TOP Financial Group (NASDAQ:TOP) last issued its quarterly earnings results on Monday, August 17th. The company reported ($0.02) earnings per share for the quarter. The business 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.