Top Wealth Group Holding Limited (NASDAQ:TWG – Get Free Report) was the target of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 43,115 shares, a decrease of 97.3% from the October 15th total of 1,623,322 shares. Currently, 215.6% of the shares of the company are sold short. Based on an average daily volume of 353,084 shares, the days-to-cover ratio is currently 0.1 days.
Analyst Upgrades and Downgrades
TWG has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Top Wealth Group in a research report on Friday, August 21st. Wall Street Zen raised Top Wealth Group to a “sell” rating in a research report on Saturday, October 31st. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Top Wealth Group presently has a consensus rating of “Sell”.
Get Our Latest Research Report on Top Wealth Group
Top Wealth Group Trading Down 20.0%
Top Wealth Group stock traded down $0.66 during midday trading on Tuesday, reaching $2.64. 290,377 shares of the stock traded hands, compared to its average volume of 239,023. The firm has a fifty day moving average price of $17.43 and a two-hundred day moving average price of $222.80. Top Wealth Group has a fifty-two week low of $2.40 and a fifty-two week high of $2,636.00.
Top Wealth Group (NASDAQ:TWG – Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The company reported $6.00 EPS for the quarter. The firm had revenue of $3.07 million during the quarter.
About Top Wealth Group
Top Wealth Group Holding Limited is a Hong Kong-based holding company engaged in the distribution of premium cigars. Through its operating subsidiaries, the company supplies cigars and related tobacco products to customers in the premium cigar market. The company’s activities primarily focus on sourcing and distributing premium cigar products for sale through specialty retailers and other commercial channels. Its business serves the Hong Kong market and may include relationships with cigar distributors, retailers, hospitality businesses, and other customers that sell or offer premium cigars.
See Also
- Five stocks we like better than Top Wealth Group
- Why Kinder Morgan’s Chairman Just Bought $15 Million in Stock
- Rocket Lab’s Record Backlog Could Fuel a Rebound, But Neutron Raises the Stakes
- Don’t Let Their Low Yields Fool You: 3 Dividend Stocks Worth Watching
- A $4 Billion Jolt: NRG Energy Powers Data Center Ambitions
Receive News & Ratings for Top Wealth Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Top Wealth Group and related companies with MarketBeat.com's FREE daily email newsletter.
