X Financial (NYSE:XYF) Short Interest Update

X Financial (NYSE:XYF) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 7,200 shares, a decline of 36.8% from the December 15th total of 11,400 shares. Based on an average daily trading volume, of 31,700 shares, the days-to-cover ratio is currently 0.2 days.

X Financial Price Performance

Shares of NYSE:XYF opened at $7.05 on Tuesday. The business’s fifty day moving average price is $7.39 and its two-hundred day moving average price is $5.95. X Financial has a fifty-two week low of $3.48 and a fifty-two week high of $8.59. The stock has a market capitalization of $344.93 million, a price-to-earnings ratio of 1.86 and a beta of 0.34.

Institutional Investors Weigh In On X Financial

A hedge fund recently raised its stake in X Financial stock. Acadian Asset Management LLC raised its position in X Financial (NYSE:XYF) by 23.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,278 shares of the company’s stock after buying an additional 10,684 shares during the period. Acadian Asset Management LLC owned 0.12% of X Financial worth $237,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.15% of the company’s stock.

X Financial Company Profile

X Financial provides personal finance services in the People’s Republic of China. The company offers services as an online marketplace connecting borrowers and investors or institutional funding partners. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners.