Traders Buy High Volume of Call Options on UP Fintech (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR) was the recipient of some unusual options trading activity on Tuesday. Investors purchased 47,078 call options on the company. This is an increase of 43% compared to the average volume of 32,816 call options.

Wall Street Analysts Forecast Growth

TIGR has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft started coverage on shares of UP Fintech in a research report on Thursday, January 2nd. They set a “buy” rating and a $9.40 target price for the company. Bank of America began coverage on UP Fintech in a report on Monday. They issued a “buy” rating for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its holdings in UP Fintech by 527.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock worth $30,000 after buying an additional 3,901 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of UP Fintech during the fourth quarter worth $34,000. Deutsche Bank AG acquired a new stake in shares of UP Fintech during the fourth quarter worth $38,000. GAMMA Investing LLC lifted its position in UP Fintech by 51.5% in the 4th quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock valued at $59,000 after acquiring an additional 3,105 shares in the last quarter. Finally, Tairen Capital Ltd bought a new position in UP Fintech during the 4th quarter worth about $68,000. 9.03% of the stock is owned by institutional investors and hedge funds.

UP Fintech Trading Up 15.9 %

Shares of NASDAQ TIGR traded up $1.27 during midday trading on Tuesday, reaching $9.24. 20,323,170 shares of the stock were exchanged, compared to its average volume of 6,238,133. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11. UP Fintech has a 12 month low of $3.10 and a 12 month high of $14.48. The business has a 50-day simple moving average of $7.20 and a two-hundred day simple moving average of $6.51. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 45.78 and a beta of 0.87.

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.