UP Fintech Holding Limited (NASDAQ:TIGR) Short Interest Up 63.7% in June

UP Fintech Holding Limited (NASDAQ:TIGRGet Free Report) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 3,813,500 shares, an increase of 63.7% from the May 31st total of 2,330,000 shares. Based on an average daily trading volume, of 1,252,800 shares, the short-interest ratio is presently 3.0 days.

Analyst Ratings Changes

Separately, Citigroup cut their price target on shares of UP Fintech from $8.01 to $6.22 and set a “buy” rating for the company in a research note on Thursday, March 21st.

View Our Latest Stock Analysis on TIGR

UP Fintech Trading Down 2.6 %

Shares of TIGR traded down $0.11 during mid-day trading on Friday, reaching $4.20. The company’s stock had a trading volume of 353,486 shares, compared to its average volume of 1,369,300. The stock has a market cap of $701.99 million, a PE ratio of 18.26 and a beta of 0.95. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.32. UP Fintech has a 52 week low of $2.75 and a 52 week high of $5.80. The company’s fifty day moving average price is $4.15 and its two-hundred day moving average price is $3.98.

UP Fintech (NASDAQ:TIGRGet Free Report) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.08 earnings per share for the quarter. The firm had revenue of $78.95 million during the quarter. UP Fintech had a net margin of 12.95% and a return on equity of 7.64%.

Institutional Investors Weigh In On UP Fintech

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of UP Fintech by 308.9% in the 1st quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock worth $26,000 after acquiring an additional 5,804 shares during the last quarter. Headlands Technologies LLC bought a new stake in UP Fintech during the 1st quarter valued at $34,000. Asset Management One Co. Ltd. raised its holdings in UP Fintech by 32.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 14,028 shares of the company’s stock valued at $61,000 after buying an additional 3,446 shares during the last quarter. Virtu Financial LLC raised its holdings in UP Fintech by 61.3% during the 1st quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock valued at $93,000 after buying an additional 10,329 shares during the last quarter. Finally, Cetera Advisors LLC bought a new stake in UP Fintech during the 1st quarter valued at $117,000. 9.03% of the stock is currently owned by institutional investors.

About UP Fintech

(Get Free Report)

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; and account management services.

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