Top Wealth Group Holding Limited (NASDAQ:TWG) Sees Large Decline in Short Interest

Top Wealth Group Holding Limited (NASDAQ:TWG) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 763,000 shares, a drop of 28.0% from the February 28th total of 1,060,000 shares. Based on an average daily trading volume, of 1,450,000 shares, the days-to-cover ratio is presently 0.5 days. Currently, 19.8% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Top Wealth Group stock. XTX Topco Ltd acquired a new stake in Top Wealth Group Holding Limited (NASDAQ:TWG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 158,761 shares of the company’s stock, valued at approximately $44,000. XTX Topco Ltd owned about 0.28% of Top Wealth Group at the end of the most recent quarter.

Top Wealth Group Stock Down 19.3 %

Shares of TWG opened at $0.16 on Tuesday. The company has a 50 day moving average of $0.19 and a 200-day moving average of $0.97. Top Wealth Group has a twelve month low of $0.15 and a twelve month high of $13.50.

About Top Wealth Group

Top Wealth Group Holding Limited, through its subsidiaries, provides caviar and caviar-based gourmet products in Hong Kong and internationally. The company also trades in caviars; and offers its products under the Imperial Cristal Caviar brand name. It serves food and beverage related distributors. The company was founded in 2009 and is based in Sai Wan, Hong Kong.