Yiren Digital Ltd. (NYSE:YRD - Get Free Report) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 193,500 shares, a growth of 24.1% from the February 13th total of 155,900 shares. Based on an average daily volume of 128,900 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.4% of the shares of the stock are sold short.
Yiren Digital Trading Up 0.6 %
YRD stock traded up $0.04 during trading on Friday, hitting $6.89. 186,572 shares of the stock traded hands, compared to its average volume of 145,165. The stock has a market cap of $604.45 million, a price-to-earnings ratio of 2.38 and a beta of 0.65. Yiren Digital has a one year low of $4.12 and a one year high of $9.20. The company has a 50 day simple moving average of $6.30 and a 200 day simple moving average of $5.65.
Yiren Digital (NYSE:YRD - Get Free Report) last announced its earnings results on Thursday, March 20th. The technology company reported $0.52 EPS for the quarter. The business 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. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.22 per share. This represents a dividend yield of 2.6%. The ex-dividend date is Wednesday, April 30th. This is a boost from Yiren Digital's previous semi-annual dividend of $0.20. Yiren Digital's dividend payout ratio is presently 11.72%.
Institutional Trading of Yiren Digital
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AXA S.A. grew its holdings in Yiren Digital by 80.7% during the 4th quarter. AXA S.A. now owns 11,562 shares of the technology company's stock worth $55,000 after acquiring an additional 5,165 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Yiren Digital during the fourth quarter worth approximately $61,000. Invesco Ltd. bought a new stake in shares of Yiren Digital during the fourth quarter valued at approximately $71,000. American Century Companies Inc. bought a new stake in shares of Yiren Digital during the fourth quarter valued at approximately $107,000. Finally, XTX Topco Ltd increased its holdings in shares of Yiren Digital by 34.5% in the third quarter. XTX Topco Ltd now owns 20,657 shares of the technology company's stock valued at $118,000 after purchasing an additional 5,294 shares in the last quarter. 1.99% of the stock is currently owned by institutional investors and hedge funds.
About Yiren Digital
(
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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