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

UP Fintech Holding Limited (NASDAQ:TIGR) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 6,520,000 shares, a growth of 35.0% from the January 31st total of 4,830,000 shares. Based on an average daily trading volume, of 6,840,000 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On UP Fintech

Several hedge funds and other institutional investors have recently made changes to their positions in TIGR. Asset Management One Co. Ltd. increased its stake in UP Fintech by 38.5% in the third quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock valued at $84,000 after purchasing an additional 4,377 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of UP Fintech by 10.1% during the third quarter. GSA Capital Partners LLP now owns 675,961 shares of the company’s stock worth $3,610,000 after purchasing an additional 62,145 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in UP Fintech by 66.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company’s stock valued at $1,090,000 after buying an additional 81,300 shares during the last quarter. Centiva Capital LP purchased a new position in UP Fintech in the 3rd quarter valued at $209,000. Finally, Quadrature Capital Ltd acquired a new position in UP Fintech in the 3rd quarter valued at $516,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

UP Fintech Stock Down 4.4 %

UP Fintech stock opened at $6.92 on Tuesday. The firm has a market capitalization of $1.28 billion, a P/E ratio of 34.60 and a beta of 0.86. The stock’s fifty day simple moving average is $7.10 and its 200-day simple moving average is $6.26. UP Fintech has a twelve month low of $3.10 and a twelve month high of $14.48. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on UP Fintech in a research report on Thursday, January 2nd. They issued a “buy” rating and a $9.40 target price for the company.

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.