TOP Financial Group Limited (NASDAQ:TOP – Get Free Report) was the recipient of 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 trading 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.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. XTX Topco Ltd bought a new stake in shares of TOP Financial Group during the 4th quarter worth $35,000. Virtu Financial LLC acquired a new position in TOP Financial Group in the 3rd quarter valued at approximately $42,000. Finally, Susquehanna International Group LLP lifted its position in TOP Financial Group by 42.0% in 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. Institutional investors own 0.26% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have weighed in on TOP. Weiss Ratings raised shares of TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 16th. Wall Street Zen upgraded shares of TOP Financial Group to a “hold” rating in a research note on Saturday, July 25th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.
TOP Financial Group Trading Down 0.9%
Shares of TOP Financial Group stock opened at $2.09 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.02. TOP Financial Group has a 1-year low of $0.61 and a 1-year high of $3.33. The business’s fifty day moving average price is $1.60 and its two-hundred day moving average price is $1.16.
TOP Financial Group’s stock is scheduled to reverse split before the market opens on Monday, August 3rd. The 1-5 reverse split was announced on Thursday, July 30th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, July 31st.
TOP Financial Group (NASDAQ:TOP – Get Free Report) last released its earnings results on Tuesday, July 7th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $0.73 million during 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.
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