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

UP Fintech Holding Limited (NASDAQ:TIGR) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 3,813,500 shares, an increase of 63.7% from the May 31st total of 2,330,000 shares. Based on an average daily volume of 1,252,800 shares, the days-to-cover ratio is currently 3.0 days.

UP Fintech Trading Down 2.6 %

TIGR stock traded down $0.11 during midday trading on Friday, hitting $4.20. The stock had a trading volume of 281,513 shares, compared to its average volume of 1,118,607. The business has a fifty day moving average price of $4.13 and a two-hundred day moving average price of $3.98. UP Fintech has a 1-year low of $2.75 and a 1-year high of $5.80. The firm has a market cap of $701.99 million, a P/E ratio of 18.74 and a beta of 0.95. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.32.

Hedge Funds Weigh In On UP Fintech

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in shares of UP Fintech by 308.9% during the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock worth $26,000 after acquiring an additional 5,804 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of UP Fintech during the first quarter worth about $34,000. Asset Management One Co. Ltd. increased its position in shares of UP Fintech by 32.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 14,028 shares of the company’s stock worth $61,000 after acquiring an additional 3,446 shares in the last quarter. Virtu Financial LLC increased its position in shares of UP Fintech by 61.3% during the first quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock worth $93,000 after acquiring an additional 10,329 shares in the last quarter. Finally, Cetera Advisors LLC bought a new stake in shares of UP Fintech during the first quarter worth about $117,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup reduced their price objective on shares of UP Fintech from $8.01 to $6.22 and set a “buy” rating on the stock in a research note on Thursday, March 21st.

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; and account management services.