Jiayin Group Inc. (NASDAQ:JFIN - Get Free Report) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 53,100 shares, a decline of 36.0% from the February 13th total of 83,000 shares. Based on an average trading volume of 135,500 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.
Institutional Trading of Jiayin Group
Institutional investors have recently made changes to their positions in the company. LPL Financial LLC acquired a new position in Jiayin Group during the fourth quarter worth $174,000. Renaissance Technologies LLC boosted its stake in Jiayin Group by 10.3% during the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company's stock worth $123,000 after buying an additional 1,799 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Jiayin Group during the fourth quarter worth $109,000. 44.08% of the stock is owned by institutional investors and hedge funds.
Jiayin Group Stock Performance
Shares of NASDAQ:JFIN traded up $0.70 during trading on Wednesday, reaching $13.60. The stock had a trading volume of 187,692 shares, compared to its average volume of 93,377. The business has a fifty day moving average price of $8.94 and a 200-day moving average price of $7.32. The stock has a market cap of $729.85 million, a PE ratio of 4.53 and a beta of 0.78. Jiayin Group has a 1-year low of $4.00 and a 1-year high of $13.70.
Jiayin Group Company Profile
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Jiayin Group Inc, together with its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates a fintech platform that facilitates connections between individual borrowers and financial institutions. It also offers referral services for investment products offered by the financial service providers; and technology development and services, as well as guarantee services.
Further Reading
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