TOP Financial Group Limited (NASDAQ:TOP - Get Free Report) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 468,500 shares, a drop of 23.9% from the March 15th total of 615,500 shares. Based on an average daily volume of 1,500,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 9.0% of the shares of the stock are sold short.
Institutional Trading of TOP Financial Group
Large investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in TOP Financial Group in the second quarter valued at approximately $404,000. Millennium Management LLC purchased a new position in TOP Financial Group in the fourth quarter valued at approximately $189,000. Bank of America Corp DE purchased a new position in TOP Financial Group in the first quarter valued at approximately $67,000. XTX Topco Ltd purchased a new position in TOP Financial Group in the first quarter valued at approximately $64,000. Finally, JPMorgan Chase & Co. purchased a new position in TOP Financial Group in the second quarter valued at approximately $131,000. 0.26% of the stock is currently owned by hedge funds and other institutional investors.
TOP Financial Group Trading Down 5.5 %
TOP traded down $0.15 during trading hours on Friday, reaching $2.58. The company's stock had a trading volume of 275,749 shares, compared to its average volume of 174,728. The business's 50-day moving average is $2.82 and its 200-day moving average is $3.69. TOP Financial Group has a fifty-two week low of $2.50 and a fifty-two week high of $256.44.
About TOP Financial Group
(
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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.
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