Jiayin Group Inc. (NASDAQ:JFIN) Short Interest Update

Jiayin Group Inc. (NASDAQ:JFIN) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 41,000 shares, a growth of 51.3% from the September 30th total of 27,100 shares. Based on an average daily trading volume, of 122,100 shares, the days-to-cover ratio is presently 0.3 days.

Jiayin Group Price Performance

Shares of Jiayin Group stock traded up $0.07 during trading hours on Friday, hitting $6.91. 40,500 shares of the company’s stock traded hands, compared to its average volume of 189,978. Jiayin Group has a 12-month low of $4.00 and a 12-month high of $8.58. The stock has a market capitalization of $370.73 million, a price-to-earnings ratio of 2.22 and a beta of 0.83. The company has a fifty day simple moving average of $6.32 and a 200-day simple moving average of $6.26.

Jiayin Group (NASDAQ:JFIN) last announced its earnings results on Tuesday, August 27th. The company reported $0.60 earnings per share (EPS) for the quarter. Jiayin Group had a return on equity of 49.78% and a net margin of 20.00%. The firm had revenue of $203.15 million during the quarter.

Jiayin Group Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were paid a $0.50 dividend. This represents a yield of 14.5%. The ex-dividend date of this dividend was Tuesday, August 27th. Jiayin Group’s dividend payout ratio is currently 28.30%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Ariadne Wealth Management LP purchased a new stake in Jiayin Group in the second quarter worth approximately $31,000. Fermata Advisors LLC purchased a new stake in shares of Jiayin Group in the 2nd quarter worth about $78,000. Boston Partners purchased a new stake in shares of Jiayin Group in the 1st quarter worth about $439,000. Finally, Advisors Preferred LLC purchased a new stake in shares of Jiayin Group in the 1st quarter worth about $98,000. Hedge funds and other institutional investors 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.