Jiayin Group Inc. (NASDAQ:JFIN - Get Free Report) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 83,000 shares, a growth of 129.9% from the January 31st total of 36,100 shares. Based on an average daily trading volume, of 114,800 shares, the short-interest ratio is presently 0.7 days.
Jiayin Group Price Performance
Shares of NASDAQ JFIN traded up $0.85 during midday trading on Wednesday, hitting $9.77. The stock had a trading volume of 192,222 shares, compared to its average volume of 128,407. Jiayin Group has a fifty-two week low of $4.00 and a fifty-two week high of $10.56. The firm has a market cap of $524.50 million, a P/E ratio of 3.26 and a beta of 0.78. The company's 50-day simple moving average is $8.12 and its 200 day simple moving average is $6.99.
Institutional Trading of Jiayin Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in shares of Jiayin Group during the 4th quarter worth approximately $109,000. Renaissance Technologies LLC lifted its holdings in Jiayin Group by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company's stock valued at $123,000 after buying an additional 1,799 shares during the period. Finally, LPL Financial LLC bought a new position in Jiayin Group in the fourth quarter valued at approximately $174,000. 44.08% of the stock is owned by institutional investors.
About Jiayin Group
(
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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.
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