So what. Blame China’s newspaper and news website People’s Daily, mostly. The media outfit suggests that Futu as well as rival Up Fintech Holding may be in violation of data privacy rules laid out in China’s Personal Information Protection Law approved in August and scheduled to go into effect beginning next month.
Is Futu a good buy?
There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “hold” Futu stock.
Why is Futu shorted?
A short squeeze for Futu occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of FUTU, which in turn drives the price of the stock up even further.
Is Futu a Chinese company?
Futu Holdings Limited (Chinese: ??) operates as a holding company in digitized brokerage and wealth management platform in China, Hong Kong, the United States, and internationally. The company originally traded as NASDAQ symbol FHL, but changed to FUTU.
What does Futu holding do?
Futu Holdings Limited operates as a holding company. The Company, through its subsidiaries, offers an online brokerage platform that enables individual investors to trade in listed stocks. Futu Holdings serves customers in the United States, China, and Hong Kong.
Will FUTU stock go up?
Stock Price Forecast
The 18 analysts offering 12-month price forecasts for Futu Holdings Ltd have a median target of 137.37, with a high estimate of 197.96 and a low estimate of 58.95. The median estimate represents a +135.26% increase from the last price of 58.39.
Is FUTU a VIE?
Like other Chinese companies with listings outside of China, such as Alibaba Group Holding Ltd., Futu is a variable-interest entity, or VIE, a structure created in the 1990s as a workaround for Chinese companies not allowed to have direct foreign ownership.
What is the short interest on Excel?
0.00% of Exela Technologies’ shares are currently sold short. Here is how the short interest of companies in the industry of “business services, not elsewhere classified” compare to Exela Technologies: Liquidity Services, Inc. (4.85%), Newtek Business Services Corp.
Is FUTU illegal in China?
China restricts trading in offshore stocks, and its financial authorities in 2016 flagged services offered by Futu and similar companies as problematic.
Is FUTU a SIPC?
Futu Inc is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims of cash). Explanatory brochure available upon request or at http://www.sipc.org. You can check Futu Inc on FINRA’s BrokerCheck.
How many users does FUTU have?
14 million users
Futu currently has over 14 million users worldwide and possesses one of the fastest growing investor communities in the region which enables users to stay up-to-date with latest investment trends and to seek guidance from seasoned and new investors.
Is Moomoo legit?
Trading on moomoo is safe because its securities product is regulated by top-tier financial authorities and a maximum of $500,000 investor protection is offered, including a $250,000 limit for cash, under the Securities Investor Protection Corporation’s (SIPC) protection scheme.
What is Nio price target?
Stock Price Targets
| High | $556.10 |
|---|---|
| Median | $370.73 |
| Low | $172.58 |
| Average | $376.11 |
| Current Price | $34.05 |
Is QFIN a buy?
The bottom line when it comes to share price is that QFIN has an intrinsic value of around $20 per share using a discounted cash flow analysis. Higher prices would suggest the company is overvalued while bargain hunters could snap up a deal upon a selloff of 20% or more below this threshold.
How do you scan short squeeze?
Scanning for a Short Squeeze
- The number of shares short should be greater than five times the average daily volume.
- The shares short as a percentage of the float should be greater than 10%
- The number of shares short should be increasing.
What does a decrease in short interest mean?
Short interest is often expressed as a number yet is more telling as a percentage. Short interest is used as a sentiment indicator: an increase in short interest often signals that investors have become more bearish, while a decrease in short interest signals they have become more bullish.
What is short stock ratio?
The short ratio is a widely-used tool by short selling hedge funds and other portfolio managers in the stock market. The short ratio indicates the number of shares that investors sell short over the average daily volume of the stock on the basis of 1 or 3 months.
Is FUTU illegal?
The Economic Daily on Monday reiterated that the services offered by online brokers such as Nasdaq-listed Futu Holdings and Tiger Brokers were typical illegal financial activities and operating without regulatory approval, echoing comments made late last month by a central bank official.
Is Webull illegal?
Webull is considered safe because it is regulated by top-tier financial authorities and provides a maximum of $500,000 investor protection, including a $250,000 limit for cash under the Securities Investor Protection Corporation’s (SIPC) protection scheme.
Is TIGR a Chinese company?
UP Fintech Holding Limited was founded in 2014 and is based in Beijing, China.
Is FUTU insured?
Futu Inc. is a broker-dealer registered with U.S. Securities and Exchange Commission and member of FINRA and the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).
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