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

UP Fintech Holding Limited (NASDAQ:TIGR) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 5,160,000 shares, a decline of 20.9% from the February 13th total of 6,520,000 shares. Approximately 5.7% of the company’s stock are short sold. Based on an average daily trading volume, of 7,100,000 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On UP Fintech

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its position in UP Fintech by 527.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock worth $30,000 after acquiring an additional 3,901 shares during the period. SBI Securities Co. Ltd. acquired a new position in UP Fintech during the fourth quarter worth $34,000. Deutsche Bank AG acquired a new position in UP Fintech during the fourth quarter worth $38,000. GAMMA Investing LLC raised its position in UP Fintech by 51.5% during the fourth quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock worth $59,000 after acquiring an additional 3,105 shares during the period. Finally, Tairen Capital Ltd acquired a new position in UP Fintech during the fourth quarter worth $68,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

UP Fintech Stock Performance

TIGR opened at $7.65 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a fifty day moving average price of $7.17 and a 200 day moving average price of $6.48. The stock has a market cap of $1.41 billion, a P/E ratio of 38.25 and a beta of 0.87. UP Fintech has a 1 year low of $3.10 and a 1 year high of $14.48.

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.