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Jiayin Group (NASDAQ:JFIN) Sees Large Volume Increase - Time to Buy?

Jiayin Group logo with Computer and Technology background
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Shares of Jiayin Group Inc. (NASDAQ:JFIN - Get Free Report) saw strong trading volume on Thursday . 152,517 shares were traded during mid-day trading, an increase of 62% from the previous session's volume of 94,059 shares.The stock last traded at $13.25 and had previously closed at $13.72.

Jiayin Group Trading Up 1.4 %

The business has a fifty day moving average of $9.27 and a 200-day moving average of $7.48. The company has a market cap of $632.41 million, a PE ratio of 3.93 and a beta of 0.78.

Hedge Funds Weigh In On Jiayin Group

Hedge funds have recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in Jiayin Group in the fourth quarter valued at $109,000. Renaissance Technologies LLC lifted its position in shares of Jiayin Group by 10.3% in the 4th quarter. Renaissance Technologies LLC now owns 19,291 shares of the company's stock worth $123,000 after purchasing an additional 1,799 shares during the period. Finally, LPL Financial LLC bought a new stake in shares of Jiayin Group during the 4th quarter valued at about $174,000. 44.08% of the stock is owned by hedge funds and other institutional investors.

About Jiayin Group

(Get Free Report)

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.

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