TOP Financial Group Limited (NASDAQ:TOP) Short Interest Down 75.5% in August

TOP Financial Group Limited (NASDAQ:TOP) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 140,597 shares, a decrease of 75.5% from the July 30th total of 573,013 shares. Based on an average trading volume of 110,416 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.1% of the company’s shares are sold short.

TOP Financial Group Trading Up 8.5%

Shares of NASDAQ:TOP traded up $1.31 during trading on Friday, reaching $16.73. The stock had a trading volume of 247,048 shares, compared to its average volume of 89,561. TOP Financial Group has a 52 week low of $3.06 and a 52 week high of $17.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.65 and a current ratio of 2.65. The firm’s fifty day moving average is $10.99 and its 200 day moving average is $6.89. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of -836.50 and a beta of -1.12.

TOP Financial Group (NASDAQ:TOP) last issued its quarterly earnings results on Monday, August 17th. The company reported ($0.02) EPS for the quarter. The business had revenue of $1.08 million for the quarter.

Hedge Funds Weigh In On TOP Financial Group

Institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new stake in shares of TOP Financial Group during the 2nd quarter worth approximately $1,035,000. Susquehanna International Group LLP increased its position 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 acquiring an additional 15,330 shares in the last quarter. Virtu Financial LLC bought a new position in TOP Financial Group in the 3rd quarter valued at about $42,000. Finally, XTX Topco Ltd bought a new position in shares of TOP Financial Group in the fourth quarter valued at approximately $35,000. 0.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

About TOP Financial Group

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.