Top Wealth Group Holding Limited (NASDAQ:TWG) Shares Shorted: Short Interest Up 319.3% in September

Top Wealth Group Holding Limited (NASDAQ:TWG – Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 273,562 shares, an increase of 319.3% from the August 31st total of 65,244 shares. Currently, 17.2% of the shares of the company are sold short. Based on an average trading volume of 8,992,828 shares, the short-interest ratio is presently 0.0 days.

Top Wealth Group Stock Down 20.0%

Shares of TWG traded down $0.04 during mid-day trading on Friday, hitting $0.16. The company’s stock had a trading volume of 12,691,600 shares, compared to its average volume of 9,988,522. Top Wealth Group has a 1-year low of $0.15 and a 1-year high of $26.36. The firm has a 50-day simple moving average of $1.07 and a 200 day simple moving average of $2.36.

Top Wealth Group (NASDAQ:TWG – Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $3.07 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Top Wealth Group in a report on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Top Wealth Group currently has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on TWG

About Top Wealth Group

(Get Free Report)

Top Wealth Group Holding Limited is a holding company focused on the distribution of premium cigars and related tobacco products. Through its operating businesses, the company supplies high-end cigar products to customers and business partners in the luxury tobacco market.

The company is based in Hong Kong and serves the premium cigar market in Hong Kong, with its activities centered on the sourcing, marketing and distribution of branded cigars. Its product portfolio includes premium cigar brands and associated cigar products, although the specific brands and product offerings may vary over time.

Top Wealth Group Holding Limited was formed as an international holding company, with its business operations conducted primarily through subsidiaries.

See Also

Receive News & Ratings for Top Wealth Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Top Wealth Group and related companies with MarketBeat.com's FREE daily email newsletter.