UP Fintech Holding Limited (NASDAQ:TIGR) Short Interest Up 35.0% in February

UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 6,520,000 shares, an increase of 35.0% from the January 31st total of 4,830,000 shares. Based on an average trading volume of 6,840,000 shares, the days-to-cover ratio is currently 1.0 days.

UP Fintech Trading Up 0.2 %

NASDAQ:TIGR traded up $0.02 during midday trading on Friday, hitting $7.34. The stock had a trading volume of 2,387,793 shares, compared to its average volume of 6,767,587. The stock has a 50-day moving average of $7.10 and a 200 day moving average of $6.30. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 36.69 and a beta of 0.87. UP Fintech has a one year low of $3.10 and a one year high of $14.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Asset Management One Co. Ltd. grew its holdings in UP Fintech by 38.5% in the third quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company's stock worth $84,000 after purchasing an additional 4,377 shares during the last quarter. GSA Capital Partners LLP boosted its position in shares of UP Fintech by 10.1% in the 3rd quarter. GSA Capital Partners LLP now owns 675,961 shares of the company's stock worth $3,610,000 after purchasing an additional 62,145 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in UP Fintech by 66.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company's stock worth $1,090,000 after buying an additional 81,300 shares during the last quarter. Centiva Capital LP acquired a new position in UP Fintech during the 3rd quarter valued at about $209,000. Finally, Quadrature Capital Ltd purchased a new stake in UP Fintech in the third quarter valued at about $516,000. 9.03% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of UP Fintech in a research report on Thursday, January 2nd. They issued a "buy" rating and a $9.40 price target on the stock.

About UP Fintech

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.