TOP Financial Group Limited (NASDAQ:TOP) Short Interest Down 75.5% in August

TOP Financial Group Limited (NASDAQ:TOP) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 140,597 shares, a decrease of 75.5% from the July 30th total of 573,013 shares. Based on an average daily volume of 110,416 shares, the short-interest ratio is currently 1.3 days. Approximately 0.1% of the shares of the company are short sold.

TOP Financial Group Price Performance

TOP Financial Group stock traded up $0.54 during mid-day trading on Thursday, reaching $15.42. The company’s stock had a trading volume of 77,985 shares, compared to its average volume of 112,446. The firm’s fifty day moving average price is $10.80 and its two-hundred day moving average price is $6.82. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.02. TOP Financial Group has a 12-month low of $3.06 and a 12-month high of $16.65.

TOP Financial Group (NASDAQ:TOP) last announced its earnings results on Monday, August 17th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $1.08 million for the quarter.

Institutional Trading of TOP Financial Group

Several institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new stake in shares of TOP Financial Group during the 4th quarter valued at about $35,000. Virtu Financial LLC bought a new stake in shares of TOP Financial Group in the 3rd quarter worth approximately $42,000. Susquehanna International Group LLP grew its stake in shares of TOP Financial Group by 42.0% in the 3rd quarter. Susquehanna International Group LLP now owns 51,793 shares of the company’s stock worth $67,000 after buying an additional 15,330 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in TOP Financial Group during the 2nd quarter valued at approximately $1,035,000. 0.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on TOP. Wall Street Zen raised TOP Financial Group to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings upgraded TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, TOP Financial Group presently has a consensus rating of “Sell”.

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.