TOP Financial Group Limited (NASDAQ:TOP) Stock Short Interest Jumps 75.4%

TOP Financial Group Limited (NASDAQ:TOP) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 255,710 shares, a growth of 75.4% from the September 30th total of 145,781 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 152,718 shares, the short-interest ratio is currently 1.7 days.

Analyst Upgrades and Downgrades

TOP has been the subject of several recent analyst reports. Wall Street Zen raised TOP Financial Group to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings downgraded shares of TOP Financial Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

TOP Financial Group Trading Up 0.5%

Shares of NASDAQ:TOP opened at $10.91 on Wednesday. TOP Financial Group has a 12 month low of $3.06 and a 12 month high of $17.42. The stock’s 50 day moving average price is $14.90 and its 200 day moving average price is $8.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.20 and a quick ratio of 3.20.

TOP Financial Group (NASDAQ:TOP) last issued its quarterly earnings results on Monday, August 17th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $1.08 million during the quarter.

About TOP Financial Group

TOP Financial Group Limited is a Hong Kong-based financial services company that operates primarily through its subsidiaries as an online brokerage. The company provides customers with access to securities and futures trading through digital platforms and related brokerage services.

Its business activities include securities dealing, futures contract trading, margin financing and other services associated with online investment accounts. TOP Financial Group serves individual and institutional clients, primarily in Hong Kong and the broader Asia-Pacific market, subject to the regulatory requirements applicable to its operations.

The company is incorporated in the Cayman Islands and conducts its principal operating activities through Hong Kong-based subsidiaries.