UP Fintech Holding Limited (NASDAQ:TIGR) Sees Large Growth in Short Interest

UP Fintech Holding Limited (NASDAQ:TIGR) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 6,520,000 shares, an increase of 35.0% from the January 31st total of 4,830,000 shares. Based on an average daily trading volume, of 6,840,000 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On UP Fintech

Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP lifted its stake in UP Fintech by 492.4% during the 4th quarter. Marshall Wace LLP now owns 5,599,514 shares of the company’s stock valued at $36,173,000 after acquiring an additional 4,654,351 shares during the period. Two Sigma Investments LP raised its holdings in shares of UP Fintech by 808.5% during the fourth quarter. Two Sigma Investments LP now owns 1,817,787 shares of the company’s stock worth $11,743,000 after purchasing an additional 1,617,702 shares during the last quarter. Millennium Management LLC lifted its position in UP Fintech by 2,631.2% during the fourth quarter. Millennium Management LLC now owns 1,620,968 shares of the company’s stock valued at $10,471,000 after purchasing an additional 1,561,617 shares during the period. Contrarius Group Holdings Ltd purchased a new stake in UP Fintech in the fourth quarter valued at $8,105,000. Finally, Two Sigma Advisers LP grew its position in UP Fintech by 841.6% during the 4th quarter. Two Sigma Advisers LP now owns 888,900 shares of the company’s stock worth $5,742,000 after purchasing an additional 794,500 shares during the period. Institutional investors and hedge funds own 9.03% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of UP Fintech in a research report on Thursday, January 2nd. They issued a “buy” rating and a $9.40 price objective for the company.

UP Fintech Stock Up 8.3 %

UP Fintech stock opened at $7.67 on Thursday. UP Fintech has a fifty-two week low of $3.10 and a fifty-two week high of $14.48. The company has a market cap of $1.42 billion, a PE ratio of 38.35 and a beta of 0.87. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. The business’s 50-day simple moving average is $7.10 and its two-hundred day simple moving average is $6.30.

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.