UP Fintech Holding Limited (NASDAQ:TIGR – Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 7,590,000 shares, an increase of 88.8% from the September 30th total of 4,020,000 shares. Based on an average daily volume of 11,870,000 shares, the days-to-cover ratio is presently 0.6 days.
UP Fintech Price Performance
Shares of TIGR stock traded up $0.05 on Friday, reaching $6.19. The company’s stock had a trading volume of 10,469,322 shares, compared to its average volume of 4,492,261. The company has a market capitalization of $1.03 billion, a P/E ratio of 26.91 and a beta of 0.93. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.32. UP Fintech has a 12-month low of $3.10 and a 12-month high of $14.48. The stock’s 50 day simple moving average is $5.38 and its 200-day simple moving average is $4.52.
UP Fintech (NASDAQ:TIGR – Get Free Report) last released its quarterly earnings data on Friday, August 30th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). UP Fintech had a return on equity of 5.35% and a net margin of 8.59%. The business had revenue of $87.44 million during the quarter.
Institutional Investors Weigh In On UP Fintech
Analyst Ratings Changes
A number of equities analysts recently weighed in on TIGR shares. Citigroup reiterated a “sell” rating and issued a $5.50 price target (up previously from $5.00) on shares of UP Fintech in a research report on Tuesday. China Renaissance raised shares of UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price objective on the stock in a research note on Thursday.
View Our Latest Report on TIGR
UP Fintech Company Profile
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 services.
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