Top Wealth Group Holding Limited (NASDAQ:TWG) Short Interest Up 1,184.6% in July

Top Wealth Group Holding Limited (NASDAQ:TWG) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 83,500 shares, anincreaseof1,184.6% from the July 15th total of 6,500 shares. Currently,25.9% of the shares of the company are sold short. Based on an average daily volume of 104,200 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 104,200 shares, the days-to-cover ratio is presently 0.8 days. Currently,25.9% of the shares of the company are sold short.

Top Wealth Group Trading Down 3.7%

Shares of NASDAQ TWG opened at $7.35 on Friday. Top Wealth Group has a fifty-two week low of $5.81 and a fifty-two week high of $1,215.00. The stock has a fifty day moving average of $10.32 and a 200-day moving average of $13.28.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Top Wealth Group to a “hold” rating in a research report on Saturday, July 26th.

Hedge Funds Weigh In On Top Wealth Group

An institutional investor recently bought a new position in Top Wealth Group stock. XTX Topco Ltd purchased a new position in shares of Top Wealth Group Holding Limited (NASDAQ:TWG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 158,761 shares of the company’s stock, valued at approximately $44,000. XTX Topco Ltd owned about 0.28% of Top Wealth Group as of its most recent SEC filing.

About Top Wealth Group

Top Wealth Group Holding Limited, through its subsidiaries, provides caviar and caviar-based gourmet products in Hong Kong and internationally. The company also trades in caviars; and offers its products under the Imperial Cristal Caviar brand name. It serves food and beverage related distributors. The company was founded in 2009 and is based in Sai Wan, Hong Kong.