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

UP Fintech Holding Limited (NASDAQ:TIGR) saw a large decline in short interest during 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 trading volume of 7,250,000 shares, the short-interest ratio is currently 0.7 days.

UP Fintech Trading Up 7.0 %

TIGR stock opened at $7.30 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 36.50 and a beta of 0.86. The business has a fifty day simple moving average of $6.59 and a 200-day simple moving average of $5.67. UP Fintech has a 52 week low of $3.10 and a 52 week high of $14.48.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Citigroup restated a “sell” rating and set a $5.50 price objective (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd. China Renaissance raised UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price target on the stock in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft began coverage on UP Fintech in a report on Thursday, January 2nd. They issued a “buy” rating and a $9.40 price target for the company.

Institutional Investors Weigh In On UP Fintech

A number of institutional investors have recently added to or reduced their stakes in the company. Nkcfo LLC acquired a new stake in UP Fintech during the 4th quarter worth approximately $323,000. Burns Matteson Capital Management LLC acquired a new stake in shares of UP Fintech in the fourth quarter worth $91,000. Alliance Wealth Advisors LLC UT purchased a new position in shares of UP Fintech in the 4th quarter valued at $92,000. Blue Trust Inc. lifted its holdings in shares of UP Fintech by 110.7% during the 4th quarter. Blue Trust Inc. now owns 30,876 shares of the company’s stock valued at $199,000 after acquiring an additional 16,219 shares in the last quarter. Finally, Shilanski & Associates Inc. acquired a new stake in UP Fintech in the 4th quarter valued at $120,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

UP Fintech Company Profile

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.