Short Interest in Top Wealth Group Holding Limited (NASDAQ:TWG) Expands By 34.5%

Top Wealth Group Holding Limited (NASDAQ:TWG) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,060,000 shares, an increase of 34.5% from the February 13th total of 788,100 shares. Based on an average trading volume of 1,540,000 shares, the short-interest ratio is currently 0.7 days. Currently, 53.0% of the shares of the stock are sold short.

Top Wealth Group Stock Performance

NASDAQ TWG opened at $0.16 on Monday. Top Wealth Group has a one year low of $0.16 and a one year high of $13.50. The stock’s 50 day simple moving average is $0.21 and its 200 day simple moving average is $1.03.

Institutional Investors Weigh In On Top Wealth Group

A hedge fund recently bought a new stake in Top Wealth Group stock. XTX Topco Ltd purchased a new stake in Top Wealth Group Holding Limited (NASDAQ:TWG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 158,761 shares of the company’s stock, valued at approximately $44,000. XTX Topco Ltd owned 0.28% of Top Wealth Group as of its most recent SEC filing.

About Top Wealth Group

Top Wealth Group Holding Limited, through its subsidiaries, provides caviar and caviar-based gourmet products in Hong Kong and internationally. The company also trades in caviars; and offers its products under the Imperial Cristal Caviar brand name. It serves food and beverage related distributors. The company was founded in 2009 and is based in Sai Wan, Hong Kong.