UP Fintech Holding Limited (NASDAQ:TIGR) Short Interest Update

UP Fintech Holding Limited (NASDAQ:TIGR) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 5,160,000 shares, a decline of 20.9% from the February 13th total of 6,520,000 shares. Based on an average trading volume of 7,100,000 shares, the short-interest ratio is presently 0.7 days. Currently, 5.7% of the company’s shares are short sold.

Institutional Trading of UP Fintech

Hedge funds and other institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd acquired a new position in UP Fintech in the 3rd quarter valued at about $516,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in UP Fintech by 66.2% in 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 valued at $1,090,000 after acquiring an additional 81,300 shares in the last quarter. Virtu Financial LLC acquired a new position in UP Fintech in the 3rd quarter valued at about $539,000. Nkcfo LLC acquired a new position in UP Fintech in the 4th quarter valued at about $323,000. Finally, Diversify Wealth Management LLC acquired a new position in UP Fintech in the 4th quarter valued at about $742,000. 9.03% of the stock is owned by institutional investors and hedge funds.

UP Fintech Stock Up 21.6 %

Shares of NASDAQ:TIGR opened at $9.69 on Wednesday. The business has a 50-day moving average price of $7.27 and a 200 day moving average price of $6.55. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 48.45 and a beta of 0.87. UP Fintech has a 12-month low of $3.10 and a 12-month high of $14.48.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on UP Fintech in a report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price target on the stock. Bank of America initiated coverage on UP Fintech in a report on Monday. They set a “buy” rating 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.