Qifu Technology, Inc. (NASDAQ:QFIN) Short Interest Update

Qifu Technology, Inc. (NASDAQ:QFIN - Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 1,610,000 shares, a decline of 19.5% from the September 30th total of 2,000,000 shares. Based on an average daily trading volume, of 1,690,000 shares, the days-to-cover ratio is presently 1.0 days.

Qifu Technology Stock Up 4.1 %

QFIN stock traded up $1.36 on Friday, reaching $34.82. 2,229,427 shares of the company's stock were exchanged, compared to its average volume of 1,310,991. The stock has a fifty day moving average of $28.43 and a 200-day moving average of $22.84. The firm has a market cap of $5.62 billion, a PE ratio of 9.02, a P/E/G ratio of 0.47 and a beta of 0.62. Qifu Technology has a twelve month low of $13.71 and a twelve month high of $35.02.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.23. Qifu Technology had a net margin of 28.06% and a return on equity of 21.82%. The business had revenue of $572.44 million during the quarter, compared to the consensus estimate of $582.69 million. On average, equities research analysts predict that Qifu Technology will post 5.08 EPS for the current fiscal year.

Qifu Technology Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, September 27th will be given a dividend of $0.60 per share. This represents a dividend yield of 4.7%. This is an increase from Qifu Technology's previous semi-annual dividend of $0.57. The ex-dividend date is Friday, September 27th. Qifu Technology's dividend payout ratio (DPR) is presently 30.57%.

Institutional Investors Weigh In On Qifu Technology

Institutional investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new position in Qifu Technology during the second quarter worth $31,000. Blue Trust Inc. boosted its position in shares of Qifu Technology by 598.4% in the 2nd quarter. Blue Trust Inc. now owns 1,732 shares of the company's stock worth $32,000 after buying an additional 1,484 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Qifu Technology in the 3rd quarter worth about $41,000. Signaturefd LLC grew its stake in Qifu Technology by 67.3% in the 2nd quarter. Signaturefd LLC now owns 7,283 shares of the company's stock valued at $144,000 after acquiring an additional 2,931 shares during the last quarter. Finally, SageView Advisory Group LLC purchased a new position in Qifu Technology during the 1st quarter valued at about $186,000. Hedge funds and other institutional investors own 74.81% of the company's stock.

About Qifu Technology

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.