Traders Buy High Volume of UP Fintech Call Options (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR) saw some unusual options trading activity on Tuesday. Stock investors purchased 71,703 call options on the stock. This is an increase of approximately 88% compared to the typical volume of 38,050 call options.

Institutional Investors Weigh In On UP Fintech

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its stake in shares of UP Fintech by 527.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock valued at $30,000 after acquiring an additional 3,901 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of UP Fintech during the 4th quarter valued at $34,000. Deutsche Bank AG bought a new stake in shares of UP Fintech in the 4th quarter worth $38,000. GAMMA Investing LLC lifted its holdings in shares of UP Fintech by 51.5% in the fourth quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock valued at $59,000 after buying an additional 3,105 shares during the period. Finally, Tairen Capital Ltd bought a new position in UP Fintech during the fourth quarter valued at about $68,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

Analysts Set New Price Targets

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

UP Fintech Price Performance

Shares of NASDAQ TIGR opened at $7.73 on Thursday. UP Fintech has a 1-year low of $3.10 and a 1-year high of $14.48. The firm has a market capitalization of $1.43 billion, a PE ratio of 38.65 and a beta of 0.86. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11. The business’s fifty day moving average price is $7.10 and its two-hundred day moving average price is $6.17.

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.