UP Fintech Holding Ltd sees increased options sales on Friday

Recent data indicates that there was unusual options trading activity involving UP Fintech Holding Limited last Friday, on the final trading day in 2022. According to data, traders purchased around 19,245 of UP Fintech’s call options. Since the typical volume is only 6,270 call options, this sudden surge in interest represents a 207% increase.

Last Friday, the shares’ value stood at $3.41 at the time when the market opened. The company’s 50-day moving average (MA) was at $4.63, and a 200-day SMA (Simple Moving Average) was at $4.12. The firm’s 52-week high was at $7.07, and its 52-week low was at $2.68.

Some additional data about the company shows that its debt-to-equity ratio sits at 0.35, while the current ratio sits at 1.22, and the quick ratio is at 1.21. Lastly, its market cap sits at $562 million.

The company’s last earnings report came on November 23rd, when it stated that its earnings were $0.02 per share. Meanwhile, its revenue during the quarter hit $55.41 million. However, when it comes to equity, the company saw a negative return of 1.89%, while the net margin was also negative 3.94%.

Institutional investors double down on UP Fintech shares

With the global economy struggling, large investors have been making moves that were difficult to predict. Some have added to their stakes in the business, while others significantly reduced theirs. For example, Profound Advisors LLC decided to raise its stake in UP by 7% in Q2. The company now owns 112,607 shares of the firm’s stock, which is worth around $530k. It reached this total after buying 7,400 more shares in Q4 2022.

Another example is Sculptor Capital LP, which chose to acquire a new portion of UP Fintech shares in Q2 last year, worth around $938k in total. Next, there is Baader Bank Aktiengesellschaft, which bought $94k worth of UP Fintech shares in Q2 last year. Other notable examples include Vontobel Holding (bought $57k worth of shares), and Veriti Management (acquired a position worth $329k worth of shares).

Now, with an increase in call options, the investors are showing that they are optimistic regarding the future of the company’s stock, and they expect the price to go up.

UP Fintech’s CEO and Chairman, Wu Tianhua, stated that the macro environment did not show any signs of significant improvement in the third quarter. Meanwhile, the US Fed kept tightening the monetary policy while increasing short-term interest rates, which significantly reduced market activities.

As a result, client asset growth, as well as IPO issuances, got decreased as well. However, the market business benefited due to the high interest rate.