Short Interest in UP Fintech Holding Limited (NASDAQ:TIGR) Rises By 189.9%

Casey Walker 2021-02-14 09:02

UP Fintech logo UP Fintech Holding Limited (NASDAQ:TIGR) saw a significant growth in short interest in the month of January. As of January 29th, there was short interest totalling 3,160,000 shares, a growth of 189.9% from the January 14th total of 1,090,000 shares. Based on an average daily trading volume, of 5,570,000 shares, the short-interest ratio is presently 0.6 days.

Several large investors have recently modified their holdings of the company. Citigroup Inc. bought a new position in shares of UP Fintech during the fourth quarter worth approximately $3,089,000. Neumann Advisory Hong Kong Ltd bought a new position in UP Fintech during the fourth quarter worth about $2,204,000. Cubist Systematic Strategies LLC acquired a new stake in UP Fintech in the 3rd quarter worth about $167,000. Morgan Stanley grew its position in shares of UP Fintech by 20,166.5% during the 3rd quarter. Morgan Stanley now owns 1,400,821 shares of the company’s stock worth $6,640,000 after purchasing an additional 1,393,909 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of UP Fintech during the third quarter worth approximately $1,088,000. Institutional investors own 3.90% of the company’s stock.

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NASDAQ TIGR opened at $29.97 on Friday. UP Fintech has a 52 week low of $2.03 and a 52 week high of $31.85. The stock’s 50 day moving average price is $15.19 and its two-hundred day moving average price is $8.04. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 499.58 and a beta of 2.18.

UP Fintech (NASDAQ:TIGR) last issued its earnings results on Wednesday, November 25th. The company reported $0.03 earnings per share for the quarter. UP Fintech had a net margin of 6.71% and a return on equity of 4.00%. The business had revenue of $38.04 million for the quarter.

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 trade order placement and execution, margin financing, account management, investor education, community discussion, and customer support.