TOP Financial Group Limited (NASDAQ:TOP) Sees Large Drop in Short Interest

TOP Financial Group Limited (NASDAQ:TOP) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 58,268 shares, a decline of 38.0% from the November 30th total of 94,025 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 39,735 shares, the short-interest ratio is currently 1.5 days. Based on an average trading volume of 39,735 shares, the short-interest ratio is currently 1.5 days. Approximately 0.2% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of TOP Financial Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, TOP Financial Group presently has a consensus rating of “Sell”.

TOP Financial Group Price Performance

Shares of NASDAQ TOP opened at $1.05 on Friday. The business has a 50-day moving average of $1.11 and a 200-day moving average of $1.20. TOP Financial Group has a 12 month low of $0.94 and a 12 month high of $3.33.

Hedge Funds Weigh In On TOP Financial Group

A hedge fund recently raised its stake in TOP Financial Group stock. Susquehanna International Group LLP lifted its stake in shares of TOP Financial Group Limited (NASDAQ:TOP) by 42.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 51,793 shares of the company’s stock after acquiring an additional 15,330 shares during the period. Susquehanna International Group LLP owned approximately 0.14% of TOP Financial Group worth $67,000 as of its most recent SEC filing. 0.26% of the stock is currently owned by institutional investors and hedge funds.

About TOP Financial Group

TOP Financial Group Limited, through its subsidiaries, operates as an online brokerage company in Hong Kong. It is involved in the trading of local and overseas equities, futures, and options products; and the provision of brokerage and value-added services, including trade order placement and execution, account management, and customer support services. The company provides a range of futures products, such as index futures, forex futures, agricultural product futures, energy futures, and precious metal futures.