Short Interest in Top Wealth Group Holding Limited (NASDAQ:TWG) Rises By 29.3%

Top Wealth Group Holding Limited (NASDAQ:TWG) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 710,700 shares, a growth of 29.3% from the January 15th total of 549,800 shares. Based on an average daily trading volume, of 2,660,000 shares, the short-interest ratio is presently 0.3 days. Currently, 35.5% of the company’s stock are sold short.

Institutional Trading of Top Wealth Group

A hedge fund recently bought a new stake in Top Wealth Group stock. XTX Topco Ltd purchased a new stake in shares of Top Wealth Group Holding Limited (NASDAQ:TWG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 158,761 shares of the company’s stock, valued at approximately $44,000. XTX Topco Ltd owned 0.28% of Top Wealth Group at the end of the most recent reporting period.

Top Wealth Group Stock Performance

Top Wealth Group stock opened at $0.19 on Friday. The stock’s 50 day moving average is $0.23 and its 200 day moving average is $1.13. Top Wealth Group has a twelve month low of $0.17 and a twelve month high of $13.50.

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.