TOP Financial Group Limited (NASDAQ:TOP) Sees Significant Drop in Short Interest

TOP Financial Group Limited (NASDAQ:TOP) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totalling 329,900 shares, a decline of 23.2% from the September 30th total of 429,800 shares. Approximately 6.4% of the company’s shares are short sold. Based on an average daily volume of 893,100 shares, the short-interest ratio is presently 0.4 days.

TOP Financial Group Price Performance

TOP traded down $0.06 during trading on Tuesday, reaching $1.77. The stock had a trading volume of 125,830 shares, compared to its average volume of 791,909. The stock’s 50 day moving average is $1.92 and its two-hundred day moving average is $2.28. TOP Financial Group has a one year low of $1.39 and a one year high of $7.77.

About TOP Financial Group

TOP Financial Group Limited, through its subsidiaries, operates as an online brokerage company in Hong Kong. It is involved in the trading of local and overseas equities, futures, and options products; and the provision of brokerage and value-added services, including trade order placement and execution, account management, and customer support services.