Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) Short Interest Down 26.8% in January

Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) saw a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 3,875,195 shares, a decrease of 26.8% from the January 15th total of 5,295,636 shares. Approximately 4.3% of the shares of the stock are sold short. Based on an average daily volume of 1,461,157 shares, the short-interest ratio is currently 2.7 days. Based on an average daily volume of 1,461,157 shares, the short-interest ratio is currently 2.7 days. Approximately 4.3% of the shares of the stock are sold short.

Futu Trading Down 0.5%

NASDAQ:FUTU opened at $146.72 on Friday. Futu has a 1-year low of $70.60 and a 1-year high of $202.53. The firm has a market capitalization of $20.41 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 0.38 and a beta of 0.43. The business’s 50-day moving average price is $166.50 and its two-hundred day moving average price is $171.36.

Futu (NASDAQ:FUTU) last announced its quarterly earnings results on Tuesday, November 18th. The company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.39. The company had revenue of $822.80 million during the quarter, compared to analysts’ expectations of $631.51 million. Futu had a return on equity of 30.59% and a net margin of 47.11%. Sell-side analysts predict that Futu will post 4.94 earnings per share for the current year.

Institutional Trading of Futu

Several hedge funds have recently bought and sold shares of the stock. Aspex Management HK Ltd lifted its position in Futu by 21.1% during the 2nd quarter. Aspex Management HK Ltd now owns 3,393,307 shares of the company’s stock worth $419,379,000 after buying an additional 591,082 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Futu by 7.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,660,168 shares of the company’s stock valued at $288,720,000 after acquiring an additional 116,143 shares during the last quarter. State Street Corp raised its holdings in Futu by 18.4% during the second quarter. State Street Corp now owns 1,212,481 shares of the company’s stock worth $149,851,000 after acquiring an additional 188,840 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. raised its holdings in Futu by 14.0% during the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 1,135,821 shares of the company’s stock worth $186,513,000 after acquiring an additional 139,473 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Futu by 805.2% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,126,633 shares of the company’s stock valued at $195,933,000 after purchasing an additional 1,002,171 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts recently issued reports on FUTU shares. Zacks Research raised Futu from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. The Goldman Sachs Group raised shares of Futu from a “neutral” rating to a “buy” rating and set a $213.39 price target on the stock in a research note on Monday, February 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Futu in a research report on Thursday, January 22nd. Finally, Barclays increased their price objective on Futu from $232.00 to $236.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $205.06.

Futu Company Profile

Futu Holdings Ltd. is a technology-driven brokerage and wealth management company that provides online brokerage services, market data, and investment tools to retail and institutional clients. Headquartered in Hong Kong and listed on the NASDAQ under the ticker FUTU, the company operates digital trading platforms that combine order execution, real-time quotes, news, and research tools to serve active investors and wealth management customers.

The firm’s product suite includes brokerage access to equities, exchange-traded funds and derivatives across major markets, margin financing, initial public offering (IPO) subscription services, wealth management products and discretionary investment solutions.