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. Currently, 5.7% of the company’s stock are sold short. Based on an average daily volume of 7,100,000 shares, the days-to-cover ratio is currently 0.7 days.

UP Fintech Stock Performance

NASDAQ:TIGR traded up $1.00 during trading hours on Tuesday, reaching $8.97. 13,508,792 shares of the stock were exchanged, compared to its average volume of 6,215,521. UP Fintech has a 52 week low of $3.10 and a 52 week high of $14.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $1.66 billion, a P/E ratio of 44.95 and a beta of 0.87. The firm has a 50 day simple moving average of $7.20 and a 200-day simple moving average of $6.51.

Hedge Funds Weigh In On UP Fintech

Large investors have recently bought and sold shares of the business. Quadrature Capital Ltd bought a new position in shares of UP Fintech during the third quarter worth about $516,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 worth $1,090,000 after purchasing an additional 81,300 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of UP Fintech in the third quarter valued at approximately $539,000. Nkcfo LLC acquired a new stake in shares of UP Fintech in the fourth quarter valued at approximately $323,000. Finally, Diversify Wealth Management LLC bought a new stake in shares of UP Fintech during the fourth quarter valued at approximately $742,000. Institutional investors own 9.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Bank of America assumed coverage on UP Fintech in a research report on Monday. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of UP Fintech in a research note on Thursday, January 2nd. They set a “buy” rating and a $9.40 price objective on the stock.

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.