Short Interest in TOP Financial Group Limited (NASDAQ:TOP) Declines By 21.3%

TOP Financial Group Limited (NASDAQ:TOP) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 56,697 shares, a decrease of 21.3% from the December 31st total of 72,033 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 24,318 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily trading volume, of 24,318 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Trading of TOP Financial Group

An institutional investor recently raised its position in TOP Financial Group stock. Susquehanna International Group LLP raised its stake in shares of TOP Financial Group Limited (NASDAQ:TOP) by 42.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 51,793 shares of the company’s stock after purchasing an additional 15,330 shares during the period. Susquehanna International Group LLP owned 0.14% of TOP Financial Group worth $67,000 as of its most recent SEC filing. 0.26% of the stock is currently owned by institutional investors and hedge funds.

TOP Financial Group Stock Down 2.8%

TOP opened at $1.04 on Monday. The stock has a 50-day moving average price of $1.06 and a 200-day moving average price of $1.16. TOP Financial Group has a 1 year low of $0.94 and a 1 year high of $3.33.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of TOP Financial Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, TOP Financial Group presently has a consensus rating of “Sell”.

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.