UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) was the recipient of unusually large options trading on Tuesday. Traders acquired 71,703 call options on the company. This is an increase of approximately 88% compared to the average daily volume of 38,050 call options.
Institutional Trading of UP Fintech
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in UP Fintech by 527.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock worth $30,000 after acquiring an additional 3,901 shares during the period. SBI Securities Co. Ltd. acquired a new stake in UP Fintech during the 4th quarter worth about $34,000. Deutsche Bank AG acquired a new stake in UP Fintech during the 4th quarter worth about $38,000. GAMMA Investing LLC lifted its position in UP Fintech by 51.5% during the 4th quarter. GAMMA Investing LLC now owns 9,136 shares of the company's stock worth $59,000 after acquiring an additional 3,105 shares during the period. Finally, Tairen Capital Ltd purchased a new position in shares of UP Fintech during the 4th quarter valued at about $68,000. Institutional investors and hedge funds own 9.03% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft started coverage on UP Fintech in a research report on Thursday, January 2nd. They issued a "buy" rating and a $9.40 price objective for the company.
Read Our Latest Report on UP Fintech
UP Fintech Stock Performance
TIGR traded down $0.13 on Friday, reaching $7.24. 6,561,369 shares of the stock were exchanged, compared to its average volume of 7,001,926. The company's 50-day moving average price is $7.10 and its 200 day moving average price is $6.21. UP Fintech has a fifty-two week low of $3.10 and a fifty-two week high of $14.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $1.34 billion, a PE ratio of 36.20 and a beta of 0.86.
About UP Fintech
(
Get Free Report)
UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform services.
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