Top Wealth Group Holding Limited (NASDAQ:TWG) Sees Significant Decrease in Short Interest

Top Wealth Group Holding Limited (NASDAQ:TWG) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 763,000 shares, a decline of 28.0% from the February 28th total of 1,060,000 shares. Based on an average daily volume of 1,450,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 19.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Top Wealth Group stock. XTX Topco Ltd acquired a new stake in shares of Top Wealth Group Holding Limited (NASDAQ:TWG) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 158,761 shares of the company’s stock, valued at approximately $44,000. XTX Topco Ltd owned approximately 0.28% of Top Wealth Group at the end of the most recent reporting period.

Top Wealth Group Trading Up 9.4 %

TWG opened at $0.20 on Friday. Top Wealth Group has a 1-year low of $0.15 and a 1-year high of $13.50. The company has a 50 day simple moving average of $0.19 and a two-hundred day simple moving average of $0.98.

About Top Wealth Group

Top Wealth Group Holding Limited, through its subsidiaries, provides caviar and caviar-based gourmet products in Hong Kong and internationally. The company also trades in caviars; and offers its products under the Imperial Cristal Caviar brand name. It serves food and beverage related distributors. The company was founded in 2009 and is based in Sai Wan, Hong Kong.