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

TOP Financial Group Limited (NASDAQ:TOP) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 85,398 shares, a growth of 50.6% from the January 15th total of 56,697 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 80,410 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily trading volume, of 80,410 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Trading of TOP Financial Group

An institutional investor recently raised its position in TOP Financial Group stock. Susquehanna International Group LLP grew its holdings in TOP Financial Group Limited (NASDAQ:TOP) by 42.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,793 shares of the company’s stock after acquiring an additional 15,330 shares during the period. Susquehanna International Group LLP owned about 0.14% of TOP Financial Group worth $67,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.26% of the company’s stock.

TOP Financial Group Stock Performance

Shares of TOP stock opened at $1.03 on Friday. The company’s 50-day simple moving average is $1.05 and its two-hundred day simple moving average is $1.15. TOP Financial Group has a one year low of $0.94 and a one year high of $3.33.

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