TOP Financial Group Limited (NASDAQ:TOP) Short Interest Up 204.2% in July

TOP Financial Group Limited (NASDAQ:TOP) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 573,013 shares, a growth of 204.2% from the July 15th total of 188,393 shares. Based on an average daily volume of 657,298 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.5% of the shares of the company are sold short.

TOP Financial Group Stock Up 1.7%

Shares of TOP traded up $0.19 during trading hours on Friday, hitting $11.13. The stock had a trading volume of 81,260 shares, compared to its average volume of 108,217. The company’s fifty day moving average is $9.35 and its two-hundred day moving average is $6.25. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.02. TOP Financial Group has a 52 week low of $3.06 and a 52 week high of $16.65.

TOP Financial Group (NASDAQ:TOP) last announced its earnings results on Tuesday, July 7th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $0.73 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP increased its holdings in TOP Financial Group by 42.0% during the 3rd quarter. Susquehanna International Group LLP now owns 51,793 shares of the company’s stock valued at $67,000 after purchasing an additional 15,330 shares in the last quarter. Virtu Financial LLC acquired a new position in TOP Financial Group in the third quarter worth $42,000. Finally, XTX Topco Ltd bought a new stake in shares of TOP Financial Group during the fourth quarter worth $35,000. Institutional investors own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

TOP has been the subject of a number of recent research reports. Weiss Ratings upgraded TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of TOP Financial Group to a “hold” rating in a research note on Saturday, July 25th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About TOP Financial Group

TOP Financial Group Limited, through its subsidiaries, operates as an online brokerage company in Hong Kong. It is involved in the trading of local and overseas equities, futures, and options products; and the provision of brokerage and value-added services, including trade order placement and execution, account management, and customer support services. The company provides a range of futures products, such as index futures, forex futures, agricultural product futures, energy futures, and precious metal futures.