UP Fintech Holding Limited (NASDAQ:TIGR – Get Rating ) saw a large decline in short interest in January. As of January 15, there was short interest on a total of 6,570,000 shares, a decrease of 16.9% from a total of 7,910,000 shares on December 31. Based on an average daily trading volume of 1,720,000 shares, the days-to-cover ratio is currently 3.8 days.
Changes in analyst ratings
Separately, DBS Vickers assumed coverage on shares of UP Fintech in a research report on Monday, October 24th. They set a “buy” rating on the stock.
UP Fintech share down 0.2%
TIGR stock opened at $4.20 on Monday. The company has a debt ratio of 1.22, a quick ratio of 1.21 and a debt ratio of 0.35. The firm’s 50-day moving average is $4.54 and its two-hundred-day moving average is $4.02. UP Fintech has a 52-week low of $2.68 and a 52-week high of $7.07. The company has a market cap of $646.67 million, a price-to-earnings ratio of -59.99 and a beta of 1.33.
UP Fintech (NASDAQ:TIGR – Get Rating) last released its earnings results on Wednesday, November 23rd. The company reported $0.02 EPS for the quarter. UP Fintech had a negative net margin of 3.94% and a negative return on equity of 1.89%. The business had a turnover of 55.41 million dollars in the quarter.
Institutional trading by UP Fintech
A number of hedge funds and other institutional investors have recently made changes to their positions in TIGR. Advisor Group Holdings Inc. boosted its holdings in shares of UP Fintech by 54.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 11,040 shares of the company’s stock worth $54,000 after buying an additional 3,900 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of UP Fintech by 2.8% during the first quarter. BlackRock Inc. now owns 1,881,275 shares of the company’s stock valued at $9,218,000 after purchasing an additional 51,577 shares during the period. Cetera Investment Advisers lifted its position in shares of UP Fintech by 31.0% in the 1st quarter. Cetera Investment Advisers now owns 19,000 shares of the company’s stock valued at $93,000 after buying an additional 4,500 shares in the last quarter. Penserra Capital Management LLC lifted its position in shares of UP Fintech by 21.3% in the 1st quarter. Penserra Capital Management LLC now owns 128,714 shares of the company’s stock valued at $630,000 after buying an additional 22,564 shares in the last quarter. Finally, Invesco Ltd. increased. its stake in UP Fintech with 63.6% in the 1st quarter. Invesco Ltd. now owns 144,835 shares of the company’s stock worth $710,000 after buying an additional 56,290 shares during the period. 4.39% of the share is currently owned by institutional investors.
About UP Fintech
(Get rating)
UP Fintech Holding Ltd. is a brokerage firm that provides online brokerage services. The company was founded by Tian Hua Wu in 2014 and is headquartered in Singapore.
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