UP Fintech Holding Limited (NASDAQ:TIGR) Sees Large Growth in Short Interest

UP Fintech Holding Limited (NASDAQ:TIGR) was the recipient of a significant increase in short interest in 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 short-interest ratio is presently 3.0 days.

Analysts Set New Price Targets

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

UP Fintech Stock Down 2.6 %

Shares of TIGR stock traded down $0.11 on Friday, reaching $4.20. 353,486 shares of the stock were exchanged, compared to its average volume of 1,369,300. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average price is $4.15 and its 200 day moving average price is $3.98. The company has a market capitalization of $701.99 million, a price-to-earnings ratio of 18.26 and a beta of 0.95. UP Fintech has a twelve month low of $2.75 and a twelve month high of $5.80.

UP Fintech (NASDAQ:TIGR) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.08 earnings per share (EPS) for the quarter. UP Fintech had a net margin of 12.95% and a return on equity of 7.64%. The company had revenue of $78.95 million during the quarter.

Hedge Funds Weigh In On UP Fintech

Several large investors have recently bought and sold shares of the stock. Walleye Capital LLC purchased a new stake in shares of UP Fintech in the third quarter valued at about $1,886,000. Asset Management One Co. Ltd. raised its holdings in shares of UP Fintech by 32.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 14,028 shares of the company’s stock valued at $61,000 after buying an additional 3,446 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of UP Fintech by 308.9% in the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock valued at $26,000 after buying an additional 5,804 shares during the last quarter. Caxton Associates LP purchased a new stake in shares of UP Fintech in the third quarter valued at about $424,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of UP Fintech in the third quarter valued at about $1,071,000. Institutional investors and hedge funds own 9.03% of the company’s 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; and account management services.