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

TOP Financial Group Limited (NASDAQ:TOP) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 56,697 shares, a drop of 21.3% from the December 31st total of 72,033 shares. Based on an average daily trading volume, of 24,318 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 24,318 shares, the days-to-cover ratio is currently 2.3 days.

TOP Financial Group Price Performance

Shares of NASDAQ TOP traded down $0.03 during midday trading on Friday, hitting $1.04. 54,891 shares of the company’s stock traded hands, compared to its average volume of 49,943. The firm has a fifty day moving average of $1.06 and a 200 day moving average of $1.16. TOP Financial Group has a 1 year low of $0.94 and a 1 year high of $3.33.

TOP Financial Group (NASDAQ:TOP) last posted its quarterly earnings data on Tuesday, January 20th. The company reported $0.00 EPS for the quarter. The company had revenue of $1.43 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in TOP Financial Group stock. Susquehanna International Group LLP boosted its stake in shares of TOP Financial Group Limited (NASDAQ:TOP) by 42.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,793 shares of the company’s stock after acquiring an additional 15,330 shares during the period. Susquehanna International Group LLP owned 0.14% of TOP Financial Group worth $67,000 at the end of the most recent quarter. 0.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of TOP Financial Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

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.