UP Fintech Holding Limited (NASDAQ:TIGR – Get Free Report) 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.
Check Out Our Latest Report on TIGR
UP Fintech Stock Down 2.6 %
UP Fintech (NASDAQ:TIGR – Get Free Report) 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.
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