Futu Holdings Ltd (NASDAQ:FHL) Short Interest Down 9.1% in August

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Futu Holdings Ltd (NASDAQ:FHL) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 895,900 shares, a decrease of 9.1% from the July 31st total of 985,500 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily volume of 229,000 shares, the days-to-cover ratio is currently 3.9 days.

Shares of NASDAQ:FHL traded up $0.12 on Friday, reaching $11.99. 185,796 shares of the company were exchanged, compared to its average volume of 145,589. Futu has a 1-year low of $9.41 and a 1-year high of $19.28. The stock’s 50-day simple moving average is $10.88.

Large investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Futu in the 2nd quarter worth about $154,000. National Asset Management Inc. purchased a new stake in shares of Futu in the 1st quarter worth about $226,000. Laurion Capital Management LP purchased a new stake in shares of Futu in the 1st quarter worth about $370,000. Citadel Advisors LLC boosted its position in shares of Futu by 38.7% in the 2nd quarter. Citadel Advisors LLC now owns 61,334 shares of the company’s stock worth $649,000 after buying an additional 17,099 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new stake in shares of Futu in the 2nd quarter worth about $761,000. 2.48% of the stock is currently owned by institutional investors and hedge funds.

About Futu

Futu Holdings Limited operates digitized brokerage platform in Hong Kong, China, Japan, the United States, and internationally. Its platform offers investing services, including trade execution and margin financing which allows to trade securities, such as stocks, warrants, options and exchange-traded funds, or ETFs, across different markets; market data and information; and securities lending services.

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