TOP Financial Group Limited (NASDAQ:TOP) Sees Significant Decrease in Short Interest

TOP Financial Group Limited (NASDAQ:TOPGet Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 520,000 shares, a decrease of 20.3% from the April 30th total of 652,300 shares. Approximately 10.0% of the company’s shares are sold short. Based on an average daily volume of 218,700 shares, the days-to-cover ratio is currently 2.4 days.

TOP Financial Group Stock Performance

TOP Financial Group stock opened at $2.49 on Friday. The company has a 50-day moving average price of $2.60 and a 200 day moving average price of $3.15. TOP Financial Group has a 12-month low of $2.19 and a 12-month high of $11.98.

Institutional Trading of TOP Financial Group

A hedge fund recently bought a new stake in TOP Financial Group stock. Fox Run Management L.L.C. bought a new position in shares of TOP Financial Group Limited (NASDAQ:TOPFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,360 shares of the company’s stock, valued at approximately $58,000. 0.26% of the stock is currently owned by institutional investors and hedge funds.

About TOP Financial Group

(Get Free Report)

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.

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