TOP Financial Group Limited (NASDAQ:TOP) Shares Shorted: Short Interest Up 75.4% in October

TOP Financial Group Limited (NASDAQ:TOP – Get Free Report) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 255,710 shares, a growth of 75.4% from the September 30th total of 145,781 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 152,718 shares, the days-to-cover ratio is currently 1.7 days.

Analyst Ratings Changes

Several equities analysts have issued reports on TOP shares. Weiss Ratings upgraded TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded TOP Financial Group to a “hold” rating in a report on Saturday, July 25th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, TOP Financial Group currently has an average rating of “Sell”.

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TOP Financial Group Stock Performance

Shares of TOP Financial Group stock opened at $10.86 on Tuesday. The firm has a fifty day moving average price of $15.01 and a 200 day moving average price of $8.57. TOP Financial Group has a 1 year low of $3.06 and a 1 year high of $17.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.65 and a quick ratio of 2.65.

TOP Financial Group (NASDAQ:TOP – Get Free Report) last posted its earnings results on Monday, August 17th. The company reported ($0.02) EPS for the quarter. The company had revenue of $1.08 million during the quarter.

About TOP Financial Group

(Get Free Report)

TOP Financial Group Limited is a Hong Kong-based financial services company that operates primarily through its subsidiaries as an online brokerage. The company provides customers with access to securities and futures trading through digital platforms and related brokerage services.

Its business activities include securities dealing, futures contract trading, margin financing and other services associated with online investment accounts. TOP Financial Group serves individual and institutional clients, primarily in Hong Kong and the broader Asia-Pacific market, subject to the regulatory requirements applicable to its operations.

The company is incorporated in the Cayman Islands and conducts its principal operating activities through Hong Kong-based subsidiaries.

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