UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 6,070,000 shares, a decrease of 20.0% from the October 15th total of 7,590,000 shares. Based on an average trading volume of 13,600,000 shares, the short-interest ratio is currently 0.4 days.
UP Fintech Stock Performance
Shares of TIGR traded up $0.17 during mid-day trading on Friday, hitting $5.68. The stock had a trading volume of 4,239,602 shares, compared to its average volume of 4,830,909. UP Fintech has a fifty-two week low of $3.10 and a fifty-two week high of $14.48. The company's fifty day simple moving average is $6.11 and its two-hundred day simple moving average is $4.81. The company has a quick ratio of 1.15, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.05 billion, a PE ratio of 27.55 and a beta of 0.91.
UP Fintech (NASDAQ:TIGR - Get Free Report) last released its quarterly earnings results on Friday, August 30th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.03). UP Fintech had a return on equity of 6.09% and a net margin of 9.14%. The company had revenue of $87.44 million for the quarter.
Institutional Investors Weigh In On UP Fintech
Large investors have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new stake in UP Fintech during the 1st quarter worth about $34,000. Russell Investments Group Ltd. grew its position in UP Fintech by 6,367.8% during the 1st quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company's stock worth $1,560,000 after purchasing an additional 446,572 shares in the last quarter. Virtu Financial LLC boosted its position in UP Fintech by 61.3% during the 1st quarter. Virtu Financial LLC now owns 27,169 shares of the company's stock worth $93,000 after acquiring an additional 10,329 shares during the period. Cetera Advisors LLC purchased a new position in UP Fintech during the 1st quarter valued at about $117,000. Finally, SG Americas Securities LLC purchased a new stake in shares of UP Fintech in the second quarter worth approximately $78,000. 9.03% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
TIGR has been the subject of a number of recent analyst reports. China Renaissance upgraded shares of UP Fintech from a "hold" rating to a "buy" rating and set a $7.58 target price for the company in a report on Thursday, October 24th. Citigroup reaffirmed a "sell" rating and issued a $5.50 target price (up from $5.00) on shares of UP Fintech in a research report on Tuesday, October 22nd.
Get Our Latest Stock Analysis on TIGR
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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