Top Wealth Group Holding Limited (NASDAQ:TWG) Short Interest Up 29.3% in January

Top Wealth Group Holding Limited (NASDAQ:TWG) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 710,700 shares, a growth of 29.3% from the January 15th total of 549,800 shares. Approximately 35.5% of the company’s stock are short sold. Based on an average daily trading volume, of 2,660,000 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Top Wealth Group

A hedge fund recently bought a new stake in Top Wealth Group stock. XTX Topco Ltd purchased a new position in shares of Top Wealth Group Holding Limited (NASDAQ:TWG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 158,761 shares of the company’s stock, valued at approximately $44,000. XTX Topco Ltd owned approximately 0.28% of Top Wealth Group at the end of the most recent quarter.

Top Wealth Group Trading Up 6.5 %

Shares of NASDAQ:TWG traded up $0.01 during midday trading on Friday, hitting $0.20. 1,086,667 shares of the company’s stock were exchanged, compared to its average volume of 758,728. Top Wealth Group has a 12 month low of $0.17 and a 12 month high of $13.50. The stock has a 50 day moving average price of $0.23 and a 200-day moving average price of $1.11.

About Top Wealth Group

Top Wealth Group Holding Limited, through its subsidiaries, provides caviar and caviar-based gourmet products in Hong Kong and internationally. The company also trades in caviars; and offers its products under the Imperial Cristal Caviar brand name. It serves food and beverage related distributors. The company was founded in 2009 and is based in Sai Wan, Hong Kong.