Short Interest in UP Fintech Holding Limited (NASDAQ:TIGR) Decreases By 20.0%

UP Fintech Holding Limited (NASDAQ:TIGR) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 6,070,000 shares, a decrease of 20.0% from the October 15th total of 7,590,000 shares. Based on an average daily volume of 13,600,000 shares, the short-interest ratio is presently 0.4 days.

UP Fintech Trading Up 3.1 %

NASDAQ TIGR opened at $5.68 on Friday. The firm’s 50-day moving average is $6.15 and its two-hundred day moving average is $4.84. The stock has a market capitalization of $1.05 billion, a P/E ratio of 28.40 and a beta of 0.91. UP Fintech has a 12 month low of $3.10 and a 12 month high of $14.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.15.

UP Fintech (NASDAQ:TIGR) last released its earnings results on Friday, August 30th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). UP Fintech had a return on equity of 6.09% and a net margin of 9.14%. The business had revenue of $87.44 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TIGR. Headlands Technologies LLC purchased a new stake in UP Fintech in the first quarter valued at approximately $34,000. Russell Investments Group Ltd. raised its position in shares of UP Fintech by 6,367.8% during the 1st quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company’s stock worth $1,560,000 after purchasing an additional 446,572 shares during the last quarter. Virtu Financial LLC boosted its stake in shares of UP Fintech by 61.3% during the first quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock valued at $93,000 after acquiring an additional 10,329 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of UP Fintech in the first quarter valued at approximately $117,000. Finally, SG Americas Securities LLC acquired a new stake in shares of UP Fintech during the second quarter worth $78,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

Analyst Ratings Changes

TIGR has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “sell” rating and issued a $5.50 price objective (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd. China Renaissance upgraded UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price target for the company in a research report on Thursday, October 24th.

About UP Fintech

UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform services.