TOP Financial Group Limited (NASDAQ:TOP) Sees Large Increase in Short Interest

TOP Financial Group Limited (NASDAQ:TOP) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 573,013 shares, a growth of 204.2% from the July 15th total of 188,393 shares. Based on an average daily volume of 657,298 shares, the short-interest ratio is currently 0.9 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Trading of TOP Financial Group

Several large investors have recently modified their holdings of TOP. Susquehanna International Group LLP grew its position in TOP Financial Group by 42.0% during the third quarter. Susquehanna International Group LLP now owns 51,793 shares of the company’s stock valued at $67,000 after buying an additional 15,330 shares during the period. XTX Topco Ltd purchased a new stake in shares of TOP Financial Group during the fourth quarter worth about $35,000. Finally, Virtu Financial LLC purchased a new stake in TOP Financial Group during the 3rd quarter valued at approximately $42,000. Institutional investors own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TOP. Wall Street Zen upgraded shares of TOP Financial Group to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings upgraded TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

TOP Financial Group Price Performance

TOP stock traded up $0.19 during trading on Friday, hitting $11.13. 81,260 shares of the stock traded hands, compared to its average volume of 108,217. The firm’s 50 day moving average is $9.35 and its two-hundred day moving average is $6.25. TOP Financial Group has a 1 year low of $3.06 and a 1 year high of $16.65. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.54 and a current ratio of 1.54.

TOP Financial Group (NASDAQ:TOP) last announced its quarterly earnings data on Tuesday, July 7th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $0.73 million for the quarter.

TOP Financial Group Company Profile

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.