UP Fintech Holding Limited (NASDAQ:TIGR) Sees Significant Drop in Short Interest

UP Fintech Holding Limited (NASDAQ:TIGR) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 5,240,000 shares, a decline of 27.0% from the December 31st total of 7,180,000 shares. Based on an average daily volume of 7,250,000 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On UP Fintech

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in UP Fintech by 53.6% in the third quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock valued at $32,000 after buying an additional 2,104 shares in the last quarter. Blue Trust Inc. raised its holdings in UP Fintech by 198.6% during the third quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock worth $78,000 after purchasing an additional 9,748 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in UP Fintech by 38.5% during the third quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock worth $84,000 after purchasing an additional 4,377 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new stake in UP Fintech in the fourth quarter valued at $91,000. Finally, Alliance Wealth Advisors LLC UT purchased a new position in shares of UP Fintech in the fourth quarter valued at $92,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

UP Fintech Trading Up 7.0 %

NASDAQ:TIGR opened at $7.30 on Friday. UP Fintech has a 1 year low of $3.10 and a 1 year high of $14.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a fifty day moving average price of $6.59 and a two-hundred day moving average price of $5.67. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 36.50 and a beta of 0.86.

Wall Street Analysts Forecast Growth

TIGR has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on UP Fintech in a report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price target for the company. China Renaissance raised shares of UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 target price on the stock in a report on Thursday, October 24th. Finally, Citigroup reissued a “sell” rating and set a $5.50 price target (up from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd.

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.