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TOP Financial Group Limited (NASDAQ:TOP) Shares Shorted: Short Interest Up 75.4% in October

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Key Points

  • Short interest surged 75.4% in October to 255,710 shares, equal to about 0.2% of shares outstanding and a short-interest ratio of 1.7 days.
  • Analyst sentiment remains weak: TOP Financial Group has a consensus “Sell” rating, despite some upgrades to “hold” and less-negative sell ratings.
  • The company reported a quarterly loss of $0.02 per share on $1.08 million in revenue; its stock opened at $11.11, compared with a 12-month range of $3.06 to $17.42.
  • Five stocks we like better than TOP Financial Group.

TOP Financial Group Limited (NASDAQ:TOP - Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 255,710 shares, an increase of 75.4% from the September 30th total of 145,781 shares. Based on an average trading volume of 152,718 shares, the short-interest ratio is currently 1.7 days. Approximately 0.2% of the company's shares are short sold.

Wall Street Analysts Forecast Growth

TOP has been the topic of several research reports. Weiss Ratings upgraded TOP Financial Group from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, July 16th. Wall Street Zen upgraded TOP Financial Group to a "hold" rating in a research report on Saturday, July 25th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, TOP Financial Group has a consensus rating of "Sell".

Get Our Latest Stock Analysis on TOP Financial Group

TOP Financial Group Price Performance

TOP stock opened at $11.11 on Monday. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.35 billion, a PE ratio of -555.50 and a beta of -0.82. The stock has a 50-day simple moving average of $15.08 and a two-hundred day simple moving average of $8.54. TOP Financial Group has a twelve month low of $3.06 and a twelve month high of $17.42.

TOP Financial Group (NASDAQ:TOP - Get Free Report) last issued its earnings results on Monday, August 17th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $1.08 million during the quarter.

About TOP Financial Group

(Get Free Report)

TOP Financial Group Limited is a Hong Kong-based financial services company that operates primarily through its subsidiaries as an online brokerage. The company provides customers with access to securities and futures trading through digital platforms and related brokerage services.

Its business activities include securities dealing, futures contract trading, margin financing and other services associated with online investment accounts. TOP Financial Group serves individual and institutional clients, primarily in Hong Kong and the broader Asia-Pacific market, subject to the regulatory requirements applicable to its operations.

The company is incorporated in the Cayman Islands and conducts its principal operating activities through Hong Kong-based subsidiaries.

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