Short Interest in Top Win International Ltd (NASDAQ:SORA) Drops By 44.2%

Top Win International Ltd (NASDAQ:SORA) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 18,431 shares, a drop of 44.2% from the August 15th total of 33,048 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 117,342 shares, the days-to-cover ratio is currently 0.2 days.

Top Win International Stock Performance

SORA traded up $0.04 during trading on Wednesday, reaching $2.25. 1,581 shares of the company’s stock were exchanged, compared to its average volume of 69,132. The company’s fifty day moving average price is $2.12 and its 200-day moving average price is $2.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 6.51 and a quick ratio of 5.07. Top Win International has a fifty-two week low of $1.25 and a fifty-two week high of $6.99.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Top Win International in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

About Top Win International

Through our Operating Subsidiary in Hong Kong, Top Win International Trading Limited, we are a wholesaler engaged in trading, distribution, and retail of luxury watches of international brands. As the purveyor of fine watches, we source luxury products directly or indirectly from authorized dealers, distributors, and brand owners, located in Europe, Japan, Singapore, and other locations, and sell them to our customers, comprising independent watch dealers, watch distributors, and retail buyers within the watch industry.