FinVolution Group (NYSE:FINV) Short Interest Up 12.8% in January

FinVolution Group (NYSE:FINV - Get Free Report) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,940,000 shares, an increase of 12.8% from the December 31st total of 1,720,000 shares. Based on an average daily trading volume, of 645,000 shares, the short-interest ratio is currently 3.0 days. Approximately 1.3% of the shares of the company are short sold.

Hedge Funds Weigh In On FinVolution Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in shares of FinVolution Group by 16.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,242,306 shares of the company's stock valued at $10,689,000 after purchasing an additional 315,366 shares in the last quarter. Walleye Capital LLC lifted its holdings in FinVolution Group by 134.4% during the third quarter. Walleye Capital LLC now owns 476,294 shares of the company's stock worth $2,943,000 after acquiring an additional 273,055 shares during the period. State Street Corp increased its position in FinVolution Group by 8.3% in the third quarter. State Street Corp now owns 3,496,614 shares of the company's stock worth $21,609,000 after buying an additional 268,843 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of FinVolution Group in the third quarter worth $1,224,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of FinVolution Group by 51.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 495,788 shares of the company's stock valued at $3,064,000 after purchasing an additional 169,344 shares in the last quarter. 31.15% of the stock is owned by institutional investors and hedge funds.

FinVolution Group Trading Up 3.9 %

Shares of FinVolution Group stock traded up $0.31 during mid-day trading on Friday, reaching $8.29. 1,108,962 shares of the stock were exchanged, compared to its average volume of 810,003. FinVolution Group has a fifty-two week low of $4.45 and a fifty-two week high of $8.30. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 7.15 and a beta of 0.49. The firm has a 50-day simple moving average of $7.06 and a 200 day simple moving average of $6.22.

FinVolution Group Company Profile

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.