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

TOP Financial Group Limited (NASDAQ:TOP) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 188,393 shares, a growth of 100.3% from the June 30th total of 94,053 shares. Based on an average daily volume of 396,117 shares, the days-to-cover ratio is presently 0.5 days. Currently, 3.9% of the company’s stock are sold short.

TOP Financial Group Price Performance

Shares of TOP Financial Group stock opened at $2.15 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.54 and a quick ratio of 1.54. TOP Financial Group has a fifty-two week low of $0.61 and a fifty-two week high of $3.33. The business has a 50-day moving average price of $1.58 and a 200 day moving average price of $1.15.

TOP Financial Group (NASDAQ:TOP) last announced its quarterly earnings data on Tuesday, July 7th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $0.73 million during the quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TOP shares. Wall Street Zen upgraded TOP Financial Group to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings upgraded shares of TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On TOP Financial Group

Several large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in TOP Financial Group in the fourth quarter worth $35,000. Virtu Financial LLC acquired a new stake in shares of TOP Financial Group during the third quarter worth $42,000. Finally, Susquehanna International Group LLP raised its holdings in shares of TOP Financial Group by 42.0% during the third quarter. Susquehanna International Group LLP now owns 51,793 shares of the company’s stock worth $67,000 after purchasing an additional 15,330 shares during the period. 0.26% of the stock is currently owned by institutional investors.

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.