UP Fintech Holding Limited (NASDAQ:TIGR) Short Interest Update

UP Fintech Holding Limited (NASDAQ:TIGR) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 5,160,000 shares, a drop of 20.9% from the February 13th total of 6,520,000 shares. Based on an average daily trading volume, of 7,100,000 shares, the short-interest ratio is currently 0.7 days. Currently, 5.7% of the shares of the stock are sold short.

UP Fintech Trading Up 21.6 %

Shares of NASDAQ:TIGR opened at $9.69 on Wednesday. The business’s 50 day moving average price is $7.27 and its 200-day moving average price is $6.55. 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 firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 48.45 and a beta of 0.87. UP Fintech has a 1 year low of $3.10 and a 1 year high of $14.48.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TIGR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in UP Fintech by 66.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company’s stock valued at $1,090,000 after purchasing an additional 81,300 shares in the last quarter. Centiva Capital LP purchased a new position in UP Fintech in the 3rd quarter valued at $209,000. Quadrature Capital Ltd purchased a new position in UP Fintech in the 3rd quarter valued at $516,000. State Street Corp lifted its holdings in UP Fintech by 4.8% in the 3rd quarter. State Street Corp now owns 742,452 shares of the company’s stock valued at $3,965,000 after purchasing an additional 34,186 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in UP Fintech in the 3rd quarter valued at $121,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TIGR. Deutsche Bank Aktiengesellschaft began coverage on UP Fintech in a research report on Thursday, January 2nd. They set a “buy” rating and a $9.40 target price on the stock. Bank of America began coverage on UP Fintech in a research report on Monday. They set a “buy” rating on the stock.

About UP Fintech

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.