Short Interest in TOP Financial Group Limited (NASDAQ:TOP) Increases By 31.9%

TOP Financial Group Limited (NASDAQ:TOP) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 76,085 shares, a growth of 31.9% from the February 12th total of 57,705 shares. Based on an average trading volume of 28,406 shares, the days-to-cover ratio is presently 2.7 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 28,406 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC acquired a new position in TOP Financial Group during the third quarter valued at $42,000. XTX Topco Ltd purchased a new stake in TOP Financial Group in the 4th quarter worth about $35,000. Finally, Susquehanna International Group LLP boosted its position in TOP Financial Group by 42.0% during the 3rd quarter. Susquehanna International Group LLP now owns 51,793 shares of the company’s stock worth $67,000 after acquiring an additional 15,330 shares during the period. Hedge funds and other institutional investors own 0.26% of the company’s stock.

TOP Financial Group Stock Performance

Shares of NASDAQ:TOP opened at $1.00 on Monday. The firm has a 50 day simple moving average of $1.02 and a 200 day simple moving average of $1.13. TOP Financial Group has a 52 week low of $0.94 and a 52 week high of $3.33.

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