UP Fintech Holding Limited (NASDAQ:TIGR) Short Interest Update

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in UP Fintech by 53.6% in the 3rd quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock valued at $32,000 after acquiring an additional 2,104 shares during the period. Burns Matteson Capital Management LLC acquired a new stake in UP Fintech in the fourth quarter valued at $91,000. Alliance Wealth Advisors LLC UT bought a new position in UP Fintech during the 4th quarter worth $92,000. Blue Trust Inc. raised its position in UP Fintech by 198.6% during the 3rd 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. Finally, Asset Management One Co. Ltd. grew its position in shares of UP Fintech by 38.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock valued at $84,000 after buying an additional 4,377 shares during the last quarter. Institutional investors and hedge funds own 9.03% of the company’s stock.

UP Fintech Price Performance

Shares of TIGR traded down $0.25 during trading hours on Friday, reaching $7.05. The stock had a trading volume of 4,053,851 shares, compared to its average volume of 3,882,581. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. UP Fintech has a 12 month low of $3.10 and a 12 month high of $14.48. The stock has a market capitalization of $1.30 billion, a PE ratio of 35.25 and a beta of 0.86. The company’s 50-day moving average is $6.62 and its two-hundred day moving average is $5.69.

Analysts Set New Price Targets

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