Yiren Digital Ltd. (NYSE:YRD - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 210,100 shares, an increase of 18.8% from the March 15th total of 176,800 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 169,300 shares, the days-to-cover ratio is presently 1.2 days.
Hedge Funds Weigh In On Yiren Digital
A number of hedge funds have recently modified their holdings of the business. AXA S.A. grew its position in shares of Yiren Digital by 80.7% in the 4th quarter. AXA S.A. now owns 11,562 shares of the technology company's stock valued at $55,000 after buying an additional 5,165 shares during the last quarter. Two Sigma Investments LP bought a new position in Yiren Digital during the fourth quarter worth $61,000. Invesco Ltd. acquired a new position in Yiren Digital in the fourth quarter valued at $71,000. American Century Companies Inc. bought a new stake in Yiren Digital during the fourth quarter valued at $107,000. Finally, XTX Topco Ltd grew its holdings in Yiren Digital by 34.5% during the 3rd quarter. XTX Topco Ltd now owns 20,657 shares of the technology company's stock worth $118,000 after acquiring an additional 5,294 shares during the period. Institutional investors and hedge funds own 1.99% of the company's stock.
Yiren Digital Price Performance
NYSE:YRD traded down $0.02 during mid-day trading on Friday, reaching $6.56. The stock had a trading volume of 35,769 shares, compared to its average volume of 145,003. The stock has a 50-day simple moving average of $6.65 and a two-hundred day simple moving average of $5.84. Yiren Digital has a 12 month low of $4.12 and a 12 month high of $9.20. The stock has a market capitalization of $575.41 million, a PE ratio of 2.26 and a beta of 0.66.
Yiren Digital (NYSE:YRD - Get Free Report) last released its earnings results on Thursday, March 20th. The technology company reported $0.52 earnings per share (EPS) for the quarter. The firm had revenue of $198.95 million for the quarter. Yiren Digital had a return on equity of 20.85% and a net margin of 32.37%.
Yiren Digital Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This is an increase from Yiren Digital's previous semi-annual dividend of $0.20. This represents a yield of 2.6%. Yiren Digital's dividend payout ratio (DPR) is currently 15.94%.
Yiren Digital Company Profile
(
Get Free Report)
Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.
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