LexinFintech Holdings Ltd. (NASDAQ:LX) Sees Large Increase in Short Interest

LexinFintech Holdings Ltd. (NASDAQ:LX) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 6,980,000 shares, an increase of 21.4% from the January 15th total of 5,750,000 shares. Approximately 5.4% of the shares of the stock are short sold. Based on an average daily volume of 3,510,000 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in LexinFintech in the 4th quarter worth $29,000. Ameriprise Financial Inc. purchased a new position in LexinFintech in the fourth quarter valued at about $61,000. Wolverine Trading LLC acquired a new stake in shares of LexinFintech during the third quarter worth approximately $29,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in LexinFintech in the fourth quarter valued at $70,000. Finally, Tower Research Capital LLC TRC boosted its stake in LexinFintech by 146.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company’s stock valued at $71,000 after acquiring an additional 7,227 shares during the last quarter.

LexinFintech Trading Down 5.0 %

LX stock traded down $0.43 on Monday, hitting $8.20. 3,987,451 shares of the company were exchanged, compared to its average volume of 2,625,193. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.02 and a beta of 0.66. LexinFintech has a twelve month low of $1.56 and a twelve month high of $9.00. The business’s fifty day moving average is $6.68 and its two-hundred day moving average is $4.14.

LexinFintech (NASDAQ:LX) last posted its quarterly earnings results on Monday, November 25th. The company reported $0.26 earnings per share (EPS) for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded LexinFintech from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th.

About LexinFintech

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.