FinVolution Group (NYSE:FINV - Get Free Report) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 1,720,000 shares, a growth of 22.9% from the November 30th total of 1,400,000 shares. Approximately 1.2% of the company's stock are sold short. Based on an average daily trading volume, of 786,800 shares, the short-interest ratio is presently 2.2 days.
Hedge Funds Weigh In On FinVolution Group
Several hedge funds and other institutional investors have recently made changes to their positions in FINV. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of FinVolution Group during the 3rd quarter worth $58,000. SYM FINANCIAL Corp acquired a new position in shares of FinVolution Group during the 2nd quarter worth about $54,000. Quadrature Capital Ltd purchased a new position in shares of FinVolution Group in the 3rd quarter valued at about $94,000. Blue Trust Inc. raised its position in shares of FinVolution Group by 246.8% during the 3rd quarter. Blue Trust Inc. now owns 15,754 shares of the company's stock worth $97,000 after acquiring an additional 11,211 shares in the last quarter. Finally, Ascent Group LLC purchased a new stake in FinVolution Group during the third quarter worth approximately $103,000. Hedge funds and other institutional investors own 31.15% of the company's stock.
FinVolution Group Trading Down 0.1 %
NYSE:FINV traded down $0.01 during midday trading on Tuesday, reaching $6.79. The company had a trading volume of 350,368 shares, compared to its average volume of 702,352. FinVolution Group has a 12-month low of $4.45 and a 12-month high of $7.29. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 5.85 and a beta of 0.48. The stock's fifty day simple moving average is $6.49 and its 200-day simple moving average is $5.80.
FinVolution Group Company Profile
(
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FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.
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