Short Interest in UP Fintech Holding Limited (NASDAQ:TIGR) Expands By 88.8%

UP Fintech Holding Limited (NASDAQ:TIGR) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 7,590,000 shares, a growth of 88.8% from the September 30th total of 4,020,000 shares. Based on an average daily volume of 11,870,000 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On UP Fintech

Several hedge funds and other institutional investors have recently bought and sold shares of TIGR. GAMMA Investing LLC grew its holdings in shares of UP Fintech by 53.6% during the 3rd quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock valued at $32,000 after purchasing an additional 2,104 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of UP Fintech by 198.6% in the 3rd quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock valued at $78,000 after buying an additional 9,748 shares in the last quarter. Headlands Technologies LLC purchased a new stake in UP Fintech in the first quarter valued at $34,000. Virtu Financial LLC grew its position in shares of UP Fintech by 61.3% in the first quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock valued at $93,000 after purchasing an additional 10,329 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in UP Fintech during the second quarter worth about $78,000. 9.03% of the stock is owned by institutional investors.

UP Fintech Stock Performance

Shares of NASDAQ TIGR traded up $0.05 during midday trading on Friday, reaching $6.19. 10,469,322 shares of the company traded hands, compared to its average volume of 4,492,261. The stock has a 50-day moving average price of $5.38 and a 200 day moving average price of $4.52. UP Fintech has a 52 week low of $3.10 and a 52 week high of $14.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 26.91 and a beta of 0.93.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings data on Friday, August 30th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). UP Fintech had a return on equity of 5.35% and a net margin of 8.59%. The company had revenue of $87.44 million for the quarter.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Citigroup reissued a “sell” rating and issued a $5.50 target price (up from $5.00) on shares of UP Fintech in a research report on Tuesday. China Renaissance raised UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price target for the company in a report on Thursday.

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.