UP Fintech Holding Limited (NASDAQ:TIGR – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 3,813,500 shares, an increase of 63.7% from the May 31st total of 2,330,000 shares. Based on an average daily trading volume, of 1,252,800 shares, the days-to-cover ratio is currently 3.0 days.
UP Fintech Trading Down 2.6 %
Shares of TIGR traded down $0.11 during mid-day trading on Friday, reaching $4.20. 353,486 shares of the company’s stock traded hands, compared to its average volume of 1,369,300. The stock has a market cap of $701.99 million, a P/E ratio of 18.26 and a beta of 0.95. The stock’s 50-day moving average is $4.15 and its two-hundred day moving average is $3.98. UP Fintech has a 12 month low of $2.75 and a 12 month high of $5.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.18 and a quick ratio of 1.18.
UP Fintech (NASDAQ:TIGR – Get Free Report) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.08 earnings per share (EPS) for the quarter. UP Fintech had a return on equity of 7.64% and a net margin of 12.95%. The company had revenue of $78.95 million for the quarter.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Separately, Citigroup cut their target price on UP Fintech from $8.01 to $6.22 and set a “buy” rating on the stock in a research note on Thursday, March 21st.
Get Our Latest Stock Analysis on TIGR
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; and account management services.
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