Jiayin Group Inc. (NASDAQ:JFIN – Get Free Report) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 53,100 shares, a decrease of 36.0% from the February 13th total of 83,000 shares. Based on an average daily volume of 135,500 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold.
Jiayin Group Trading Up 20.2 %
Shares of NASDAQ:JFIN traded up $1.99 on Friday, reaching $11.82. 330,531 shares of the company’s stock were exchanged, compared to its average volume of 91,501. The company has a fifty day moving average of $8.70 and a 200-day moving average of $7.19. Jiayin Group has a twelve month low of $4.00 and a twelve month high of $12.00. The company has a market capitalization of $634.56 million, a price-to-earnings ratio of 3.94 and a beta of 0.78.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in shares of Jiayin Group during the 4th quarter worth approximately $109,000. Renaissance Technologies LLC boosted its position in shares of Jiayin Group by 10.3% during the 4th quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock worth $123,000 after acquiring an additional 1,799 shares in the last quarter. Finally, LPL Financial LLC acquired a new stake in shares of Jiayin Group during the 4th quarter worth approximately $174,000. Institutional investors and hedge funds own 44.08% of the company’s stock.
Jiayin Group Company Profile
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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